Anguilla cashes in on AI; Nvidia digs deeper with Corrweave; and Healthcare stocks just got the flu

The artificial intelligence boom is no longer just reshaping Silicon Valley, it’s rewriting balance sheets, trade alliances, and even national development stories. Anguilla’s .ai domain crosses one million registrations, turning a digital suffix into a powerful economic engine for a small island nation. Nvidia doubles down on AI infrastructure with a fresh $2 billion investment in CoreWeave, highlighting how the race for computers is becoming as critical as the race for chips themselves. On the geopolitical front, India and the European Union finally seal a long-awaited trade deal as countries hedge against an increasingly unpredictable U.S. trade posture. And back in markets, U.S. health insurers are tumbling after weak Medicare Advantage rate proposals, dragging the Dow lower and rattling managed-care investors. All this and more in today’s Read It and Eat!

MAJOR HEADLINES

• The .ai domain has surpassed one million registered domains

 

Anguilla, the .ai domain has officially surpassed 1,000,000 registered domains worldwide,

marking a historic milestone for Anguilla and underscoring the island's unique role in the global artificial intelligence economy. This achievement reflects the explosive growth of artificial intelligence innovation across industries and positions the .ai Top Level Domain as one of the most sought-after country code top-level domains in the world. Equally significant, it represents a powerful example of how digital assets can deliver real, tangible benefits to local communities.

The revenue generated from .ai domain registrations has directly supported major national development projects in Anguilla, including airport and road development, tax relief for locals and increased health services for the young and elderly. These investments are enhancing connectivity, strengthening economic resilience, and improving quality of life for residents and visitors alike. Premier Cora Richardson Hodge said, "This milestone is about far more than domain registrations. Reaching one million domains is both a celebration of global innovation and a testament to Anguilla's forward-looking stewardship of the .ai namespace. 

With continued growth, the .ai domain will continue to serve as a powerful engine opportunity as Anguilla remains committed to the responsible management of this vital digital asset for the benefit of our island and the global technology community.” Akram Atallah, CEO of Identity Digital, which manages registry services for the .ai domain, stated, "Identity Digital is committed to providing best-in-class safety, security, and support for the .ai domain and is thrilled to be part of its growth story. Equally rewarding is seeing how .ai's success is directly contributing to Anguilla's economy and the wellbeing of its people." Thedailyherald

• Nvidia Invests $2 Billion More in CoreWeave, Offers New Chip

Nvidia (NVDA.O), has invested $2 billion in CoreWeave (CRWV.O), becoming the AI infrastructure provider's second-largest shareholder, as the companies expand their ​partnership to boost data center capacity in the United States. The ‌announcement on Monday sent CoreWeave's shares up 9% in premarket trading. So-called neocloud companies like CoreWeave, which provide tech companies with the hardware and cloud capacity needed to build, run and deploy AI technologies, have seen a surge in demand in ‌recent years as enterprise adoption of AI picks up.

The fresh ​investment from Nvidia will help CoreWeave speed up the procurement of land and power required to build data centers. CoreWeave is targeting to build ‍more than 5 gigawatts in AI data center capacity by 2030. Nvidia will invest in CoreWeave at a purchase price of $87.20 per share, the companies said. That represents an addition ⁠of roughly 23 million shares, nearly doubling Nvidia's stake in the firm, ‍according to Reuters calculations based on data compiled by LSEG. Nvidia was CoreWeave's third largest shareholder ‌with ‌a 6.3% stake, or 24.3 million shares, in the company. The chip giant has drawn scrutiny for pouring billions of dollars into AI firms including ChatGPT maker OpenAI and neoclouds, raising investor concerns about potential circular financing. 

A CoreWeave ⁠spokesperson told Reuters that ⁠the cash from ​the new investment will not be used to purchase Nvidia processors, but directed toward accelerating other data center investments, research and development, and scaling its workforce. "Nvidia is the leading and most requested ​computing platform at every phase of AI… ‍This expanded collaboration underscores the strength of demand we are seeing across our customer base," CoreWeave ​CEO Michael Intrator said. Reuters 

• India, EU finalise landmark trade deal, PM Modi says

India and the European Union have finalised a landmark trade deal, Indian Prime Minister Narendra Modi said on Tuesday, as the two sides seek to hedge against fickle ties with the U.S.. After nearly two decades of on-off negotiations, the deal will pave the way for India to open up its vast and guarded market, the world's most populous, to free trade with the 27-nation EU, its biggest trading partner.

Modi and European Commission President Ursula von der Leyen are expected to make a joint announcement at an India–EU summit in New Delhi, along with the details of the deal, later on Tuesday. Trade between India and the EU stood at $136.5 billion in the fiscal year through March 2025. The agreement comes days after the EU signed a pivotal pact with the South American bloc Mercosur, following deals last year with Indonesia, Mexico and Switzerland. During the same period, New Delhi finalised pacts with Britain, New Zealand and Oman. 

The spate of deals underscores global efforts to hedge against the United States as President Donald Trump's bid to take over Greenland and tariff threats on European nations test longstanding alliances among Western nations. Trump has imposed a 50% tariff on goods from India and an India-U.S. trade deal collapsed last year after a breakdown in communication between the two governments. The formal signing of the India-EU deal would take place after legal vetting expected to last five to six months, an Indian government official aware of the matter has said. "We expect the deal to be implemented within a year," the official added. Reuters

• Healthcare stocks seen to have caught a cold

The shares of UnitedHealth, Humana and other health insurers were clobbered on Tuesday after a preliminary payment proposal for Medicare Advantage fell way short of analyst expectations.  The Centers for Medicare & Medicaid Services, in a statement late Monday, proposed a 0.09% increase for 2027 rates, versus the expectations of growth between 4% and 5%.  

Preliminary Medicare Advantage rates often get revised higher.  The news shocked health insurers, with shares of UnitedHealth (UNH) falling 9%, Humana (HUM) losing 12%, CVS Health (CVS) losing 9%, Alignment Healthcare (ALHC) dropping 12% and Elevance Health (ELV) retreating 5%.  The iShares U.S. Healthcare Providers ETF IHF fell 4%.  Because of the way the Dow Jones Industrial Average DJIA is calculated, the decline for UnitedHealth weighs down the blue-chip index by 186 points. Dow futures (YM00) were pointing to a 0.1% retreat on a day the S&P 500 contract (ES00) rose 0.2%. 

Analysts point out the preliminary rates often get revised higher - according to JPMorgan's Lisa Gill, that happened in eight of the last 10 years.  If the reimbursement rate isn't moved higher, she said managed care providers will trim benefits and focus on margin improvement over membership. MorningStar

Minor Headlines

•  China told tech firms to prepare Nvidia H200 orders Bloomberg

• Nike slashes 775 jobs in US to speed up automation, boost profit Yahoo.Finance

• Goldman Sachs Boosts CEO Solomon’s Pay 21% to $47 Million Bloomberg

• Treasury cancels $21M in Booz Allen Hamilton contracts TipRanks

• Microsoft unveils in-house chip designed to run AI models, competing with Nvidia Reuters

• USA Rare Earth shares rise as Commerce Department takes equity stake in $1.6B deal CNBC

• New TikTok US owner named Adam Presser as CEO Yahoo.Finance

• Suella Braverman Becomes Latest Right-Wing Tory MP To Defect To Reform Yahoo.Finance