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

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2025-06-04 08:47:56

CoreWeave Stock Soars on $7B Data Center Deal With Applied Digital

Wall Street's latest AI infrastructure gold rush sends CoreWeave shares into orbit—because nothing says 'sure bet' like dropping $7 billion on server farms before the next chip shortage hits.

The deal cements CoreWeave's position as the hyperscaler du jour, while Applied Digital pockets enough cash to make even crypto VCs blush. Just don't ask what happens when the AI bubble meets the reality of energy costs.

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