Good morning. QQQs +1.4% as yields dropping (2 year -5bps / 10 year -7bps) after Fed raised fed funds rate 25bps yesterday afternoon. Oil -2%. Semis +2.7% leading the way higher while internet +70bps and software +20bps lag.
Big early mover is NBIS +9% after news they will raise prices on Oct 1st by 20%. ARM +4% after CEO had some bullish comments on their guide at CNBC.
Overnight, Asia mixed: TPX +0.8%, NKY +0.33%, Hang Seng -0.44%, HSCEI -0.38%, SHCOMP -0.41%, Shenzhen -0.21%, Taiwan TAIEX +0.96%, Korea KOSPI -0.04%.
Let’s get to it…
NBIS: Raising prices on Oct 1st
CRWV: Announces 35M share ATM offering program and says added more than $25B of net new customer agreements so far in early Q3
CoreWeave, Inc. (Nasdaq: CRWV) today announced that since June 30, 2026, CoreWeave has continued to contract new compute capacity at higher prices. In the third quarter of 2026, CoreWeave has signed short-dated customer contracts of approximately three to six months, with pricing of approximately $40 million per megawatt, calculated as annualized revenue divided by power required to service the related clusters. Furthermore, as previously announced on its second quarter earnings call on August 11, 2026, CoreWeave added more than $25 billion of net new customer commitments early in the third quarter of 2026, which are not reflected in the revenue backlog as of June 30, 2026, and increased its total contracted power to approximately 4.2 gigawatts as of August 11, 2026 from approximately 3.7 gigawatts as of June 30, 2026.