{"id":51886,"date":"2025-08-12T15:08:33","date_gmt":"2025-08-12T19:08:33","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-movers-perplexity-bids-for-google-chrome-coreweave-soars-on-ai-boom-oil-prices-dip\/51886\/"},"modified":"2025-08-12T15:08:33","modified_gmt":"2025-08-12T19:08:33","slug":"market-movers-perplexity-bids-for-google-chrome-coreweave-soars-on-ai-boom-oil-prices-dip","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-movers-perplexity-bids-for-google-chrome-coreweave-soars-on-ai-boom-oil-prices-dip\/51886\/","title":{"rendered":"Market Movers: Perplexity Bids for Google Chrome, CoreWeave Soars on AI Boom, Oil Prices Dip"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>AI startup Perplexity has submitted a $34.5 billion offer to acquire Google&#39;s (<a href=\"\/stock\/GOOGL\">GOOGL<\/a>, <a href=\"\/stock\/GOOG\">GOOG<\/a>) Chrome browser<\/strong>, a strategic move that comes amidst potential US antitrust mandates for Google to divest the asset, though analysts suggest Chrome&#39;s true worth is closer to <strong>$100 billion<\/strong>.<\/li>\n<li><strong>CoreWeave (<a href=\"\/stock\/CRWV\">CRWV<\/a>) shares have surged an impressive 35% in under two weeks<\/strong>, primarily fueled by Microsoft\u2019s (<a href=\"\/stock\/MSFT\">MSFT<\/a>) expanding AI infrastructure spending plans. The company anticipates a <strong>174%<\/strong> jump in Q2 revenue to <strong>$1.1 billion<\/strong>, despite projections of no profitability until late <strong>2026<\/strong>.<\/li>\n<li><strong>Both Brent Crude and US Crude Oil futures saw declines<\/strong>, with Brent settling at <strong>$66.12\/BBL<\/strong>, down <strong>$0.51 (0.77%)<\/strong>, and US Crude at <strong>$63.17\/BBL<\/strong>, down <strong>$0.79 (1.24%)<\/strong>. This comes as <strong>Exxon Mobil (<a href=\"\/stock\/XOM\">XOM<\/a>) announced plans for 3D seismic testing off Trinidad &amp; Tobago<\/strong> within six months, potentially leading to well drilling.<\/li>\n<\/ul>\n<h2>AI and Tech Sector Buzz<\/h2>\n<p>The tech world is abuzz with significant developments, led by an audacious bid from AI startup <strong>Perplexity<\/strong> to acquire <strong>Google&#39;s (<a href=\"\/stock\/GOOGL\">GOOGL<\/a>, <a href=\"\/stock\/GOOG\">GOOG<\/a>) Chrome<\/strong> browser. Perplexity has tabled a <strong>$34.5 billion<\/strong> offer for the asset, a move that coincides with the possibility of a US antitrust order compelling Google to divest Chrome. However, market analysts quickly pointed out that this bid significantly undervalues Chrome, estimating its market worth to be closer to <strong>$100 billion<\/strong>. Perplexity&#39;s interest comes amid Google&#39;s ongoing antitrust trial, where the Department of Justice has proposed the divestiture of Chrome as a remedy for alleged monopolistic practices in the search market.<\/p>\n<p>In other AI-driven news, <strong>CoreWeave (<a href=\"\/stock\/CRWV\">CRWV<\/a>)<\/strong> has seen its shares skyrocket by <strong>35%<\/strong> in less than two weeks. This impressive rally is largely attributed to <strong>Microsoft\u2019s (<a href=\"\/stock\/MSFT\">MSFT<\/a>)<\/strong> aggressive spending plans on AI infrastructure. CoreWeave, an AI hyperscaler, is now projecting its Q2 revenue to increase by a remarkable <strong>174%<\/strong>, reaching <strong>$1.1 billion<\/strong>. Despite a reported net loss in Q2 2025 and expectations of no net profit until late <strong>2026<\/strong>, analysts remain optimistic about near-term gains for CoreWeave due to the soaring demand for specialized AI computing resources. The company recently secured a <strong>$2.6 billion<\/strong> delayed draw term loan facility to support the acquisition and maintenance of advanced equipment for its long-term agreement with <strong>OpenAI<\/strong>.<\/p>\n<h2>Energy Market Movements<\/h2>\n<p>The global oil markets experienced a downturn, with both major crude benchmarks closing lower. <strong>Brent Crude futures<\/strong> settled at <strong>$66.12 per barrel<\/strong>, marking a decrease of <strong>$0.51 (0.77%)<\/strong>. Similarly, <strong>US Crude Oil futures<\/strong> closed at <strong>$63.17 per barrel<\/strong>, down <strong>$0.79 (1.24%)<\/strong>.<\/p>\n<p>Adding to the energy sector&#39;s activity, <strong>Exxon Mobil (<a href=\"\/stock\/XOM\">XOM<\/a>)<\/strong> announced upcoming exploration efforts. The company&#39;s Vice President confirmed plans to conduct <strong>3D seismic surveys<\/strong> off the coast of Trinidad &amp; Tobago within the next six months. This seismic work is a precursor to potential well drilling in the region, marking Exxon Mobil&#39;s return to Trinidadian waters after more than two decades. The agreement with Trinidad includes a three-phase exploration program, with the potential for significant oil and gas discoveries in the ultra-deepwater blocks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways AI startup Perplexity has submitted a $34.5 billion offer to acquire Google&#39;s (GOOGL, GOOG) Chrome browser, a strategic [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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