Markets experienced a heavier sell-off today, after starting the session at the opening bell flat-to-up.

The e-commerce and cloud computing giant appointed Peter DeSantis, a 27-year AWS veteran, to lead a newly unified organization spanning AI model development, custom chip design, and quantum computing research.

CoreWeave shares have collapsed with valuation estimates now at roughly one-third of their June levels highlighting how quickly AI infrastructure hype can unwind as investor sentiment shifts.