CoreWeave is in talks to buy Core Scientific and a transaction could be finalized in the coming weeks, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
CoreWeave last year tried to acquire Core Scientific for $5.75 a share, which at the time valued the business at north of $1 billion. Core Scientific rejected the proposal as too low.
CoreWeave (CRWV -7.63%) and Circle Internet Group (CRCL -10.79%) are two of the hottest stocks on the market right now. They're both new, and investors have been feverishly buying them up already.
The demand for cloud computing infrastructure used to help train artificial intelligence (AI) models and deploy them into production is increasing at an incredible pace. It's one of the main reasons why shares of CoreWeave (CRWV -7.63%) and Oracle (ORCL -2.11%) have been in fine form on the stock market in 2025.
AI infrastructure darling CoreWeave (CRWV -0.60%) had a rough start as a publicly traded company earlier this year when it debuted, but since then, the stock has been off to the races. Trading around $180 per share today, CoreWeave stock has more than tripled from its initial public offering (IPO) price.
CoreWeave (CRWV -0.61%) has been one of the hottest stocks on the market in 2025 since going public around three months ago, rising an incredible 360% as of this writing thanks to the booming demand for the company's artificial intelligence (AI) cloud computing infrastructure.
Nothing has garnered more attention on Wall Street since late 2022 than the rise of artificial intelligence (AI). Empowering software and systems with the tools to make split-second decisions without the need for human oversight is a game-changer that can benefit most industries around the globe.
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