Oil Prices Drop Amid U.S.-Iran Peace Talks
Oil prices fell this week as reports surfaced of progress in peace talks between the U.S. and Iran. Investors are shifting focus from geopolitical risks to emerging trends in artificial intelligence (AI).
Credo Technology Expands Silicon Photonics
Credo Technology has announced the acquisition of DustPhotonics to enhance its silicon photonics business. The deal is expected to boost Credo’s optical revenue to over $500 million by fiscal 2027.
Oracle’s Strategic Partnerships Grow
On Monday, Oracle expanded its partnership with Bloom Energy to include a 1.2-gigawatt fuel cell contract for its cloud data centers. Additionally, Oracle’s multicloud database revenue surged 531% in the last quarter.
CoreWeave’s Major Contracts
CoreWeave secured a $21 billion deal with Meta Platforms for AI cloud computing through December 2032, along with another multi-year deal supporting Anthropic’s Claude AI model. This has led analysts to raise price forecasts for CoreWeave’s shares.
