CoreWeave Sinks on Rising AI Costs, Cloudflare Cuts 20% of Workforce
Market update for Friday May 8, 2026
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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…
The skinny
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