CoreWeave Acquires Core Scientific for $9 Billion to Boost AI

CoreWeave, Inc. (NASDAQ: CRWV) buys crypto miner Core Scientific in a $9 billion all-stock deal to meet growing demand for AI infrastructure. Deal eliminates $10 billion in future lease overhead. Core Scientific stockholders receive 0.1235 newly issued CoreWeave stock per share. CoreWeave CEO Michael Intrator aims to deploy AI and HPC workloads at scale.

CoreWeave, Inc. (NASDAQ: CRWV) provides cloud platform equipment for AI and computing. While CRWV shows potential as an investment, other AI stocks may offer greater upside potential with less downside risk. For an undervalued AI stock benefiting from tariffs and onshoring trend, check out the free report on the best short-term AI stock.

Overall, CoreWeave (CRWV) makes a strategic $9 billion acquisition of Core Scientific to enhance AI capabilities. Stockholders benefit from the deal while CEO Michael Intrator aims to deploy AI and HPC workloads at scale. Other AI stocks may offer greater upside potential and less downside risk for investors.

Read more at Yahoo Finance: CoreWeave (CRWV) Makes $9 Billion Bet on Core Scientific to Power AI Growth