5 articles tagged
Cathie Wood's ARK Invest has acquired a $24 million stake in AI infrastructure firm CoreWeave, despite the stock's recent 42% plunge after a revised sales forecast.
CoreWeave shares fell 9% despite strong Q3 revenue and major AI deals with OpenAI, Meta, and Nvidia, as 2025 outlook missed expectations.
Core Scientific shareholders have rejected a $9 billion all-stock merger with AI firm CoreWeave, citing undervaluation and concerns over stock volatility.
Applied Digital's stock surged 16% after the company reported an 84% revenue increase and a major $11 billion, 15-year AI data center deal with CoreWeave.
CoreWeave's stock surged nearly 14% after the AI data center provider announced a new cloud computing deal with Meta Platforms valued at up to $14.2 billion.
