Episode
CoreWeave Sinks on Rising AI Costs, Cloudflare Cuts 20% of Workforce
- Podcast
- The Rundown
- Published
- May 8, 2026
- Duration seconds
- 643
- Processing state
processed
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Summary
Market update for Friday May 8, 2026 Check 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 climbing IREN jumping on a major Nvidia-backed AI infrastructure deal Lime filing for IPO at a potential $2 billion valuation Rocket Lab rising after strong revenue, backlog growth, and progress on Neutron Cloudflare cutting 20% of its workforce as it shifts toward agentic AI Nintendo raising Switch 2 prices as AI-driven chip demand makes gaming more expensive