CoreWeave Stock Surges Amid Acquisition Uncertainty

CoreWeave's shares soared 24.4% last week as investors reacted to potential hurdles in its $9 billion acquisition of Core Scientific. The AI company's stock rally defied expectations, with shareholders expressing relief at the possibility of the deal collapsing.

The proposed all-stock transaction faced opposition from both CoreWeave and Core Scientific investors, concerned about significant share dilution. Market sentiment suggests the stock's gains reflect Optimism about CoreWeave's standalone prospects in the booming AI sector.

While the acquisition could reduce $10 billion in lease expenses, the financial engineering appears to have unnerved the market more than it impressed. The deal's fate now rests with CORE Scientific shareholders, whose approval remains uncertain.