CoreWeave Trading Volume Drops 42.55% Ranking 21st Despite $11.9 Billion OpenAI Contract

Volume AlertsThursday, Jun 12, 2025 7:49 pm ET
1min read

CoreWeave(CRWV) on June 12, 2025, saw a trading volume of $2.248 billion, a 42.55% decrease from the previous day, ranking 21st in the day's stock market. The stock price fell by 0.49%, marking the third consecutive day of decline, with a total decrease of 8.10% over the past three days.

CoreWeave has secured a significant five-year contract worth $11.9 billion with OpenAI. This agreement involves providing dedicated computing capacity to support OpenAI's model training and inference processes. The partnership underscores CoreWeave's growing importance in the AI sector, as it leverages its advanced computing infrastructure to meet the demands of leading AI developers.

CoreWeave's collaboration with Google Cloud, announced in May 2025, is another pivotal development. This alliance positions

as a critical player in the industry, supplying cloud computing services built on Nvidia's graphics processing units to Google's cloud unit. This strategic move not only enhances CoreWeave's market presence but also solidifies its role in supporting the growth of AI technologies.

In addition to its partnership with Google Cloud, CoreWeave is also involved in a significant deal with OpenAI. This five-year agreement further cements CoreWeave's position as a key provider of computing capacity for AI model development and deployment. The company's ability to support such high-profile clients highlights its technical prowess and reliability in the AI computing sector.

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