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CoreWeave Stock Skyrockets After Landing $7B Data Center Megadeal With Applied Digital

CoreWeave Stock Skyrockets After Landing $7B Data Center Megadeal With Applied Digital

Author:
CoindeskEN
Published:
2025-06-04 08:47:56
11
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CoreWeave Stock Soars on $7B Data Center Deal With Applied Digital

Cloud infrastructure player CoreWeave just hit the jackpot—its shares surged on news of a $7 billion data center partnership with Applied Digital. Wall Street's already salivating over the deal, though cynics whisper it's just another 'AI-adjacent' hype train for traders to ride before the bubble pops.

The move signals a massive bet on next-gen computing demand—and a fat payday for early investors. Now the question is whether Applied Digital can actually deliver the infrastructure to match CoreWeave's soaring valuation.

|Square

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