CoreWeave, Meta Strike Deal; Amazon CEO Letter; Constellation Brands Jumps
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- CoreWeave (CRWV) has struck another, much larger $21 billion deal to supply computing power to Meta Platforms Inc. through 2032, deepening its business with the social media giant that’s trying to catch up in the race to build more powerful artificial intelligence models.
- Amazon.com (AMZN) Chief Executive Officer Andy Jassy said firm is willing to make large capex investments and endure short-term FCF headwinds for the substantial medium to long-term FCF surplus.
- Constellation Brands (STZ) rose 5.3%. The company reported EPS and sales above estimates. Trading volume was five times the average for this time of day. The stock reversed the previous session's loss.
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