CoreWeave was founded as Atlantic Crypto, an Ethereum miner, but pivoted its business model in the crypto winter of 2018-2019 when crypto mining fell on hard times and it discovered that the idle GPUs it owned could be rented out instead as computing capacity to run AI applications and models.

Dow Jones futures fell slightly after hours, along with S&P 500 futures and Nasdaq futures.Another big inflation report is due before the open, along with earnings from chip-gear giant ASMLASML as well as Goldman SachsGS.

President Trump announced a new trade deal with Indonesia, while Treasury Secretary Scott Bessent said the formal search for Fed Chair Jerome Powell’s successor has begun. Plus: Nvidia shares rose after the White House said the company will be able to sell artificial-intelligence chips to China.

Investors have had their eye on big AI names such as Nvidia and Palantir, two stocks that have soared. Investors, initially worried about the impact of President Trump's import tariffs at home, are feeling more optimistic that the economy and companies can manage the challenge.

Growing Concerns Amid the AI Boom The artificial intelligence (AI) sector has been a rising tide, lifting companies across the tech ecosystem, from chipmakers to server manufacturers. The surge in demand for AI infrastructure,

American chipmaking giant Nvidia says it plans to resume sales to China of an artificial intelligence chip that’s become part of a global race pitting the world’s biggest economies against each other.

Investors have been drawn to SoundHound because the company is tapping into an expanding conversational AI market that is estimated to be worth $152 billion by 2033. SoundHound's tech can handle a range of tasks, including customer service calls over the phone and ordering meals in the drive-thru, and so far, business has been booming.