CoreWeave Sinks on Rising AI Costs, Cloudflare Cuts 20% of Workforce
Podcast: The RundownPublished On: Fri May 08 2026
Description: Market update for Friday May 8, 2026Check out the Public app for incredible investing tools and to support the show (LINK)Follow us on Instagram (@TheRundownDaily) for bonus content and instant reactions.In today’s episode, Zaid covers:The April jobs report: 115,000 jobs added, unemployment steady at 4.3%CoreWeave sinking after earnings as AI infrastructure costs keep climbingIREN jumping on a major Nvidia-backed AI infrastructure dealLime filing for IPO at a potential $2 billion valuationRocket Lab rising after strong revenue, backlog growth, and progress on NeutronCloudflare cutting 20% of its workforce as it shifts toward agentic AINintendo raising Switch 2 prices as AI-driven chip demand makes gaming more expensive
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