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Why CoreWeave Stock Plunged Today

TheMotleyFool

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CoreWeave (NASDAQ: CRWV) has big plans to build on its capability to supply high-performance computing and artificial intelligence (AI) data center infrastructure. Those plans include acquiring Core Scientific (NASDAQ: CORZ) to enhance its high-performance data center infrastructure.

That transaction could be at risk, though. Investors are reacting today by punishing CoreWeave shares. The stock was lower by 11% at 1:25 p.m. ET.

Image source: Getty Images.

Source Fool.com