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The Nasdaq 100 dropped as Micron, SanDisk, and CoreWeave lost value today.

MarketRead the original at Benzinga
Bad for CRWV

CoreWeave faced continued concern about debt used by AI infrastructure firms, and costs to insure its debt reached a record. This points to added pressure around its borrowing.

CRWV · CoreWeave Inc.

AI read · Bad for CRWV

The AI's read

The broader technology slide affected many shares, so that alone says little about CoreWeave's business. But record costs to insure its debt and continued concern about borrowing give a company-specific reason for concern.

MU · Micron Technology Inc.

AI read · Neutral

The connection

Micron shares fell 3.6% during a broad technology selloff. The story reports no new company business information, so the share move alone does not change its business outlook.

SNDK · SanDisk Corp.

AI read · Neutral

The connection

SanDisk shares fell 4.2% during a broad technology selloff. The story reports no new company business information, so the share move alone does not change its business outlook.

APLD · Applied Digital Corp.

AI read · Neutral

The connection

Applied Digital shares fell 7.5% amid worries about borrowing by AI infrastructure firms. The story gives no new company business results or borrowing details to change its business outlook.

SMCI · Super Micro Computer Inc.

AI read · Neutral

The connection

Super Micro shares fell 7.4% during the technology selloff. The story gives no new company business information, so the share move alone does not change its business outlook.

TWLO · Twilio Inc.

AI read · Neutral

The connection

Twilio shares fell 10.7% in the day's trading. The story reports no new company business information, so the share move alone does not change its business outlook.

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