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Top Midday Stories: CoreWeave Signs $21 Billion AI Deal With Meta; Intel, Google Expand Partnership
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Top Midday Stories: CoreWeave Signs $21 Billion AI Deal With Meta; Intel, Google Expand Partnership
Apr 9, 2026 9:06 AM

11:30 AM EDT, 04/09/2026 (MT Newswires) -- The Dow Jones Industrial Average and S&P 500 were down in late-morning trading Thursday, while the Nasdaq Composite was up slightly, as Israel's attacks on Lebanon have created uncertainty around the US-Iran ceasefire.

In company news, CoreWeave ( CRWV ) said Thursday it has signed an agreement with Meta Platforms ( META ) to provide artificial intelligence cloud capacity through December 2032 for about $21 billion. The capacity will include some of the initial deployments of the Nvidia ( NVDA ) Vera Rubin platform, the company said. Separately, CoreWeave ( CRWV ) said it intends to offer $3 billion aggregate principal amount of its convertible senior notes due 2032 in a private offering. CoreWeave ( CRWV ) shares were up 1.2% around midday, while Meta shares were up 3.1%. Nvidia ( NVDA ) shares were up 0.7%.

Intel ( INTC ) and Alphabet's (GOOG, GOOGL) Google ( GOOG ) have expanded a multiyear agreement to develop AI and cloud infrastructure using Xeon processors and custom infrastructure processing units, the companies said Thursday. Financial terms were not disclosed. Intel ( INTC ) shares were up 3.2%, while Alphabet Class C and Class A shares were down 0.5% and 0.6%, respectively.

Amazon.com's ( AMZN ) Amazon Pharmacy said Thursday it is offering Eli Lilly's ( LLY ) obesity pill Foundayo. Customers with a valid prescription can check real-time availability, view pricing and receive deliveries nationwide, Amazon Pharmacy said. Prices start at $149 per month for self-pay customers and $25 per month for eligible commercial insurance holders, the company said. Separately, Amazon ( AMZN ) said Thursday that Amazon Web Services AI revenue run rate topped $15 billion in Q1 and is "ascending rapidly." Amazon ( AMZN ) shares were up 3.7%, while Lilly shares added 0.1%.

Carlyle Group ( CG ) will limit redemptions to 5% for its Tactical Private Credit Fund after receiving repurchase requests amounting to roughly 15.7% of shares outstanding, The Wall Street Journal reported Thursday, citing a shareholder letter. Carlyle shares were down 2%.

Simply Good Foods ( SMPL ) reported fiscal Q2 adjusted earnings Thursday of $0.45 per diluted share, down from $0.46 a year earlier but above the FactSet consensus analyst estimate of $0.40. Fiscal Q2 net sales were $326 million, down from $359.7 million a year ago and below the FactSet consensus of $345.4 million. For fiscal Q3, the company said it expects net sales of $329 million to $338 million, below the FactSet consensus of $380 million. For fiscal 2026, Simply Good Foods ( SMPL ) said it expects net sales of $1.31 billion to $1.35 billion, equivalent to a decline of 7% to 10% year over year and compared to its previous guidance of a 2% decline to 2% growth. Analysts polled by FactSet expect $1.44 billion. Simply Good Foods ( SMPL ) shares were down more than 18%.

Whitestone REIT ( WSR ) said Thursday it has agreed to be acquired by Ares Management ( ARES ) for $19 per common share or operating unit in an all-cash deal valued at about $1.7 billion. Whitestone shares were up 11.5%, while Ares shares were down 1%.

Price: 89.97, Change: +1.07, Percent Change: +1.20

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