Tag: $CoreWeave

CoreWeave CEO Michael Intrator told CNBC Tuesday that the firm’s proposed acquisition of Core Scientific would be a “nice to have” rather than a necessity as shareholders prepare to potentially block the deal.

CoreWeave shares fell more than 8% before the bell on Wednesday after the Nvidia-backed company posted a bigger-than-expected loss, raising doubts about its ability to keep costs under check amid robust AI demand.

CoreWeave(CRWV) and Circle Internet Group(CRCL) have wowed Wall Street since going public earlier this year. Next up in the unicorn parade? Design software start-up Figma, which is planning to raise more than $1.2 billion from a stock sale that could value the company at $19.3 billion.

CoreWeave plans to spend up to $6 billion on building a new artificial intelligence data center in Pennsylvania, as part of a push by U.S. President Donald Trump to maintain the country’s edge in the booming technology sector, the company said on Tuesday.

CoreWeave, a rapidly growing AI cloud company, priced its initial public offering at $40 a share on Thursday night, well below an expected range of $47 to $55.