On Monday, data center company Applied Digital announced two 15-year lease agreements with CoreWeave, an AI infrastructure company. The news sent CoreWeave’s stock soaring by more than 40% over the next few days.
Such double digit percentage gains have become par for the course during CoreWeave’s brief life as a publicly traded stock. On May 27, the stock jumped over 20% after the company announced $2 billion in senior notes, and on May 16 it popped 22% on news that Nvidia…
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https://finance.yahoo.com/news/two-months-coreweave-ipo-fizzled-202659856.html
