CoreWeave dips after Needham cuts rating following acquisition announcement

6 hours ago 1

• Tech

Needham downgraded CoreWeave's (NASDAQ:CRWV) rating to Hold from Buy noting that the company's proposed $9B acquisition of Core Scientific (NASDAQ:CORZ) is a "strategic fit and unlocks capacity, but valuation looks full."

Shares of CoreWeave and Core Scientific's stock dipped about 1% each

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