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Why CoreWeave Stock Skyrocketed Last Week


CoreWeave (NASDAQ: CRWV) stock recorded huge gains over the past week of trading. The artificial intelligence (AI) company's share price soared 24.4% higher across the stretch.

CoreWeave's big stock rally arrived in conjunction with the news that one of the company's big strategic initiatives could face major hurdles. According to reports, CoreWeave's $9 billion deal to buy Core Scientific could wind up being blocked -- but many investors actually seem to be happy with the news.

Image source: Getty Images.

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Source Fool.com

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