CoreWeave's Acquisition Fails, Stock Drops

CoreWeaves $9B Acquisition of Core Scientific Rejected, Stock Drops; Analysts Maintain Moderate Buy - SummaryCoreWeaves $9B all-stock deal to acquire crypto miner Core Scientific was rejected by shareholders, marking the second failed attempt. The acquisition was crucial for CoreWeaves expansion plans, as it faces surging demand for AI infrastructure. CoreWeaves shares dropped 6.3% following the news, raising questions about its stock value. Despite the setback, analysts maintain a Moderate Buy consensus, suggesting a potential 41% upside.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.