CoreWeave Shares Pop as Revenue Doubles, Cava’s Strong Traffic Growth Ignites Investor Appetite
Market update for Wednesday August 12, 2026
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In today’s episode, Zaid covers:
July inflation cools to 3.4%
CoreWeave’s revenue surges and backlog grows to $130 billion
Cava’s strong traffic growth as customers keep spending on pita chips
Lumentum surges on booming AI data-center demand, while On Holding recovers from historic selloff
Fun Fact: AI computing power is becoming a tradable asset class
The skinny
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