AI trade surges on firms' cloud earnings

Source: Biztoc.com· semafor.com· August 12, 2026
AI trade surges on firms' cloud earnings

Cloud provider CoreWeave’s stock surged 19% Wednesday, as it joined a parade of firms providing critical AI infrastructure for hyperscalers reporting record demand. Taiwanese electronics maker Foxconn also beat forecasts, with cloud and networking services ac…

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