CoreWeave commits $6 billion to Pennsylvania data center
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The stock closed up 6.2% on the news. CoreWeave has been seeing scorching-hot growth since it pivoted its business model to AI infrastructure, providing computing capacity to companies like Microsoft, Nvidia, and OpenAI, and it needs new data centers to fuel that growth.
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 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 was the hottest stock on the block after its March IPO, but investors are now concerned its explosive valuation went a little far.
The much improved situation of CoreWeave is a testament to American business exceptionalism. The United States accepts failure in pursuit of later success.
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, 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 is acquiring the data center infrastructure provider Core Scientific in a $9 billion all-stock transaction.
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.