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IBM beat Q3 earnings expectations with $17.1B revenue and $2.95 EPS, initially surging 7.3% in after-hours trading. However, the stock reversed sharply during the earnings call when CEO Arvind Krishna warned that corporate customers are concerned about uncontrolled AI spending with unclear returns, causing a 4.6% after-hours decline and triggering broader AI sector selloff.
Futurum Group CEO Daniel Newman said Wednesday he added to his position in CoreWeave Inc. (NASDAQ:CRWV), while stating that the selloff across artificial intelligence cloud providers was overdone. The stock is down
SpaceX's AI infrastructure business is booming with revenue nearly tripling to $7.56 billion in Q3, accounting for over 80% of capital expenditures. CEO Elon Musk reported strong demand, pricing above the $30-$50 per watt range, and payback periods under one year on new deployments. While these positive signals could benefit struggling neocloud competitors like CoreWeave and Nebius, investor enthusiasm was muted in regular trading. CoreWeave faces significant debt challenges with interest expenses at roughly 25% of revenue, requiring strong Q3 earnings and bottom-line progress to recover investor confidence.
Nebius Group N.V. has entered into a $3.5 billion senior secured financing agreement with Citi to support its global expansion efforts.
SpaceX's Q3 2026 earnings report had a significant ripple effect on AI cloud stocks. The company's strong performance and its implications for AI infrastructure demand influenced sentiment across related AI companies including Nebius, CoreWeave, Nvidia, and Iren. The article examines what SpaceX's results mean for the broader AI investment landscape.