Core Scientific CORZ Stock Price Soars 40% on CoreWeave Takeover, Eyes Record High
The stock of CORZ Core Scientific is rising as core scientific receives a bid-driven lift, whereas cloud company CoreWeave (CRWV) is...
Quick overview
- CoreWeave (CRWV) has experienced a significant pullback after a dramatic IPO rally, dropping 13% from recent highs.
- Investor anxiety over CRWV's high valuation and thin margins has contributed to its recent decline.
- CoreWeave is reportedly in talks to acquire Core Scientific (CORZ), which has led to a surge in CORZ's stock price by over 30%.
- Concerns about profitability and capital-intensive expansion plans are clouding the future outlook for CoreWeave.
The stock of CORZ Core Scientific is rising as core scientific receives a bid-driven lift, whereas cloud company CoreWeave (CRWV) is currently seeing a steep decline.
CRWV Post-IPO Rally Meets Resistance
CoreWeave Inc. (CRWV) made headlines with one of the most dramatic IPO runs in recent memory, debuting on the NASDAQ in late March 2025 at $40 per share. The stock rocketed over 250% to $131 by the end of May, continuing its upward momentum to peak at $187 just last week. However, that rally has now reversed sharply. Over the past few sessions, CRWV has declined to close at $158.08—a 13% drop and a $24 pullback from recent highs.
CRWV Chart Weekly – Will the 20 SMA Hold?
This correction appears to be a result of growing investor anxiety over the company’s lofty valuation, razor-thin margins, and speculative growth trajectory in a competitive cloud computing landscape.
Core Scientific Buyout Back on the Table
Adding to the intrigue, the Wall Street Journal reported on June 26 that CoreWeave is once again in discussions to acquire Core Scientific (NASDAQ: CORZ), a major Bitcoin mining and GPU hosting company. CoreWeave had previously offered $5.75 per share for CORZ back in June 2024, a proposal rejected by Core Scientific’s board as undervalued.
CORZ Stock Chart Daily – Heading for ATH at $18.70
This time, the market has responded very differently. Core Scientific shares surged from $12.40 at the open to close at $16.36—an increase of more than 30%—and climbed further in after-hours trading to $17.35. The stock is now trading at over three times its price from a year ago, suggesting strong investor belief in the strategic value of a potential deal.
GPU Expansion and Infrastructure Scaling Plans
Currently, CoreWeave hosts 16 megawatts (MW) of GPU power at Core Scientific’s Austin campus. The company reportedly plans to expand its GPU infrastructure footprint across additional data centers in Texas and Oklahoma. This partnership could be a game-changer for CoreWeave, potentially enabling broader scale and capacity for AI and high-performance computing workloads. However, critics argue that such capital-intensive expansion may strain financials, especially if profit margins remain compressed.
Conclusion: Profitability Questions Cloud the Rally
Despite its meteoric rise, CoreWeave’s valuation has begun to attract scrutiny. Investors appear to be weighing the long-term sustainability of the company’s growth against near-term profitability risks, especially as capital spending rises and strategic moves like the Core Scientific acquisition play out. While the firm remains a major contender in next-gen cloud infrastructure, its recent price volatility suggests that the market is now taking a more cautious view of its sky-high potential.
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