Welcome to Markets Desk, here's what's moving the conversation this hour.
CoreWeave posted a standout quarter, with revenue more than doubling to two point five eight billion dollars and its backlog surging two hundred forty six percent to one hundred four billion dollars. CEO Michael Intrator told analysts near-term capacity is effectively sold out, underscoring just how voracious enterprise demand for AI infrastructure has become.
Staying in the AI space, Elon Musk made a striking claim that SpaceX's artificial intelligence revenue will outpace every other product line the company runs within the next month. He added that Grok, the xAI large language model, will be trained on SpaceX's internal data, including information about its own employees, raising questions about the convergence of his various ventures.
Shifting to geopolitics with real strategic weight, Taiwan is drilling its crews on American-made M-one Abrams tanks inside its own cities, practicing refueling and concealment operations near Taoyuan, close to the island's main airport. The exercises reflect a deliberate urban warfare doctrine as Taiwan integrates its one hundred eight newly delivered tanks into a defense posture built around asymmetric resilience.
That's the tape. Markets Desk, signing off the floor.
