CoreWeave stock slips as company discloses $23 billion capex plan, $4 billion OpenAI commitment

CoreWeave (CRWV) stock whipsawed Thursday as investors digested its high capital expenditure forecast and a new $4 billion deal with OpenAI.

Shares of the Nvidia-backed (NVDA) AI data center firm rose as much as 8% and fell as much as 9%…