TSX slips as hotter inflation revives rate concerns, oil prices retreat
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- Wall St set for lower open as oil prices jump, earnings in focus
- Brent hits five-month high as attacks on ships, Saudi sites fuel supply worries
- Loop Capital downgrades Apple, sees no recovery of cut iPhone shipments
- Wells Fargo says S&P 500 buy signal emerges as investors turn excessively bearish
- ByteDance, Alibaba and Tencent order $35 billion of Nvidia chips: Reuters
- Cerebras Systems falls as TD Cowen cuts price target
- Nasdaq climbs as chip and AI-linked stocks bounce back
- 3M issues warrant to Amazon in $6B data center product deal
- Glass House Brands posts Q3 revenue of $56.8M, board member exits
- Flutter Entertainment to cut up to 1,400 jobs amid UK tax increases
HSBC Reiterates Reduce Rating on CoreWeave (CRWV), 'Expensive valuation'
October 20, 2026 8:43 AM EDTHSBC analyst Abhishek Shukla reiterated a Reduce rating and $39.00 price target on CoreWeave (NASDAQ: CRWV).
The analyst comments "On our estimates, CoreWeave trades at 2030e EV/non-GAAP EBIT after share-based compensation of 14.7x vs hyperscalers at 7-11x. The... More



