Coreweave stock pops
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The massive data center threatens to overload the grid, but OpenAI's future relies on securing as much electricity as possible. What does that mean for local residents—and the planet?
CoreWeave Inc. is expanding a data center that is projected to double the electricity needs of a city near Dallas, another example of the strains that artificial intelligence workloads are placing on the US power supply.
CoreWeave's acquisition of Core Scientific aims to verticalize data center ownership and cut $500 million in costs by 2027. Read why CRWV stock is a Buy.
The much improved situation of CoreWeave is a testament to American business exceptionalism. The United States accepts failure in pursuit of later success.
CoreWeave was the hottest stock on the block after its March IPO, but investors are now concerned its explosive valuation went a little far.
CoreWeave’s buyout cuts $10B+ lease costs and secures 1.3 GW+ of owned high-density AI data center capacity. Read why CRWV stock is a Buy.
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The new contracts won by CoreWeave led to a 63% jump in its revenue backlog to $25.9 billion last quarter. That figure is well above the company's 2025 revenue forecast of $5 billion. The impressive size of CoreWeave's backlog tells us why analysts are upbeat about its revenue growth for the next two years as well.
Coreweave is acquiring the data center infrastructure provider Core Scientific in a $9 billion all-stock transaction.
CoreWeave expects to generate significant cost savings through streamlining business operations and eliminating lease overhead.
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Shares of artificial intelligence (AI) neocloud CoreWeave ( CRWV -2.53%) rocketed 46.5% in June, according to data from S&P Global Market Intelligence.
CoreWeave, Inc. (NASDAQ: CRWV) to acquire Core Scientific, Inc. (NASDAQ: CORZ) in $9B all-stock deal to enhance data center footprint and increase profitability. Analyst maintains Neutral rating.
CoreWeave, Inc. (NASDAQ:CRWV) is one of the Most Promising AI Stocks to Buy Now. Needham downgraded the company’s stock from “Buy” to “Hold,” highlighting the valuation concerns despite the strategic benefits of the announced CORZ acquisition.