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AI mania tanks CoreWeave’s Core Scientific acquisition — it buys Python notebook Marimo
Yahoo Finance· 2025-10-31 18:53
Core Scientific and CoreWeave Acquisition Attempt - Core Scientific shareholders rejected a $9 billion all-stock acquisition offer from CoreWeave, influenced by the largest shareholder's recommendation [1][4] - Core Scientific emerged from bankruptcy in January 2024, and its current market cap is approximately $6.6 billion [1][4] CoreWeave's Market Performance - CoreWeave's market cap increased from $14 billion to $66 billion, with shares trading around $140, as it transitioned to serving AI workloads [2] - CoreWeave has been actively acquiring companies, including a $10 billion, 12-year contract with Core Scientific for AI services [3][5] Investor Sentiment and Market Trends - Investor Sina Toussi believes Core Scientific can independently achieve success similar to CoreWeave, citing rising equity valuations in AI infrastructure [4] - The rejection of the acquisition bid reflects a trend of investors seeking larger offers, indicating a potential AI bubble [5] CoreWeave's Recent Acquisition - CoreWeave acquired Marimo, an open-source Jupyter Notebook competitor, for an undisclosed amount, with Marimo having raised approximately $5 million [5][6]