CNBC Daily Open: Dow at record close, GameStop shares crash

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe  here .

Dow settles above 40,000
The Dow Jones Industrial Average closed above the 40,000 mark for the first time in history. The 30-stock index was up for the fifth consecutive week and climbed more than 6% this year. The S&P 500 and Nasdaqeked out gains on Friday and are up more than 11% in 2024. Treasury yields rose and oil prices climbed higher.

Tesla layoffs continue
Tesla is cutting approximately 600 more employees across its manufacturing facilities and engineering offices in California. Elon Musk's electric vehicle venture is facing increased competition and has already warned employees of plans to cut 10% of its workforce. Musk recently fired his Supercharger team before reportedly rehiring some members, a move reminiscent of the job cuts at Twitter after he acquired the company and later rebranded it as X.

AI start-up raises billions
CoreWeave, an AI infrastructure startup powered by Nvidia's chips, raised $7.5 billion in debt financing led by Blackstone, following a recent $1.1 billion equity round. The funds will be used to expand its cloud data centers and meet the soaring demand for AI infrastructure. With a limited supply of Nvidia chips, Microsoft is relying on CoreWeave to supply OpenAI with computing power. It's also competing with Amazon and Google. 

GameStop tanks
GameStop shares dropped nearly 20% after announcing plans to sell additional shares. The company warned it expects a first-quarter net loss of up to $37 million and a significant drop in sales. The brick-and-mortar games