Jane Street Acquires 5.4% Stake in CoreWeave, Triggering Stock Rally
CoreWeave shares ROSE over 3% after Jane Street disclosed a $1.8 billion position, becoming the AI infrastructure firm's fourth-largest shareholder. The quantitative trading firm now holds 19.99 million shares, signaling institutional confidence despite recent volatility.
The stock has retreated from its June peak of $183 following its March IPO at $40. Thursday's lock-up expiration unleashed 84% of float for trading, with Morgan Stanley, JPMorgan, and Goldman Sachs processing $1 billion in block trades as early investors exited.
Magnetar Financial remains the dominant shareholder with 25%, followed by FMR (6.75%) and Nvidia (6.55%). Jane Street's entry at this juncture suggests conviction in CoreWeave's long-term prospects amid the AI infrastructure boom.
