Why CoreWeave Stock Slipped This Week

Core Points - CoreWeave (NASDAQ: CRWV) stock experienced significant volatility due to the proposed acquisition of Core Scientific, with a decline of 3.2% while the S&P 500 and Nasdaq Composite gained 1.9% and 2.3% respectively, indicating a challenging environment for AI growth stocks [1][4] - Investor sentiment regarding the Core Scientific acquisition remains mixed, with CoreWeave stock up 231% in 2025 despite recent fluctuations [2] Acquisition Details - On October 20, investment firm ISS recommended that Core Scientific shareholders reject CoreWeave's $9 billion buyout offer, leading to sell-offs in CoreWeave stock due to fears of a potential increase in the buyout price [4] - CoreWeave CEO Michael Intrator reassured shareholders that the company would not raise its bid, but stock prices fell again after he urged Core Scientific shareholders to support the buyout under the original terms [5] Future Outlook - The vote on the Core Scientific buyout is scheduled for October 30, with expectations that the deal will not be approved, which could serve as a positive catalyst for CoreWeave stock as many shareholders believe the buyout is not in the company's best interest [6][8]