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CoreWeave Stock Soars 5.76% on AI Infrastructure Deals
Generated by AI AgentAinvest Pre-Market Radar
Wednesday, Jun 4, 2025 4:42 am ET1min read
CoreWeave's stock surged 5.76% in pre-market trading on June 4, 2025, reflecting a strong bullish sentiment among investors.
CoreWeave has seen a meteoric rise in its stock price, driven by strategic partnerships and impressive financial performance. The company's stock has surged 275% since its IPO in late March, reaching an all-time high of $150.50 this week. A significant driver of this growth is a 15-year infrastructure deal with
, providing 250 megawatts of data center capacity. This deal is expected to generate around $7 billion in rent for Applied Digital over the agreement’s duration.CoreWeave reported a remarkable 420% year-over-year revenue increase in Q1, with a backlog of $25.9 billion, including a historic deal with OpenAI. The company's partnership with IBM further expands its enterprise footprint, solidifying its position in the AI infrastructure market. This collaboration with IBM will provide computing capacity for IBM’s Granite AI models, deepening CoreWeave’s reach into enterprise AI solutions and further diversifying its client base.
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