U.S. Stocks Move | NVIDIA-Related Stocks Decline, Coreweave (CRWV.US) Drops Over 7%

Stock News
10/17

On Friday, NVIDIA (NVDA.US) related stocks experienced a broad decline. As of the time of writing, Coreweave (CRWV.US) fell more than 7%, Applied Digital (APLD.US) dropped over 9.4%, and NEBIUS (NBIS.US) declined over 9.6%. In news, Coreweave announced that it would acquire AI computing miner Core Scientific (CORZ.US) under an all-stock deal reached on July 7, asserting that this offer is "the best and final" and will not be modified. CoreWeave emphasized that this merger offers the safest and most valuable path for future development for both parties, bringing immediate premiums to shareholders as well as significant long-term growth potential. The company believes that if Core Scientific opts for independent operations, it would face substantial capital expenditures and execution risks, thus urging shareholders to vote in favor of the transaction at the special meeting scheduled for October 30.

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