CoreWeave Acquires Core Scientific for $9 Billion, Enhancing AI

CoreWeave, Inc. has announced a $9 billion all-stock acquisition of Core Scientific, Inc. to enhance AI and HPC infrastructure. The deal values Core Scientific at $20.40 per share, a 66% premium. CoreWeave plans to eliminate $10 billion in lease obligations to unlock new financing opportunities and achieve $500 million in cost savings by 2027.

CoreWeave’s acquisition of Core Scientific will solidify its position in the AI market, competing against Nebius Group N.V. and Microsoft. Nebius focuses on organic growth, while Microsoft leverages partnerships and investments to strengthen its AI infrastructure. CoreWeave aims to expand its footprint in high-performance AI cloud infrastructure through strategic acquisitions.

CoreWeave’s stock has surged 282.6% YTD, outpacing the industry average of 17.7%. The Zacks Consensus Estimate for its 2025 earnings has remained stable. Despite its strong performance, CoreWeave currently holds a Zacks Rank #4 (Sell). Investors can access the full list of Zacks’ top-rated stocks for potential investment opportunities.

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