NVIDIA GPU

CoreWeave’s CEO downplays the necessity of acquiring Core Scientific amidst shareholder opposition. ISS recommends voting against the deal, citing potential undervaluation. While CoreWeave won’t raise its offer, viewing the acquisition as a “nice to have”, not a “need to have”. A major Core Scientific shareholder also opposes the deal. The vote is scheduled for October 30. CoreWeave’s expansion through AI-related acquisitions aims to diversify service offerings beyond GPU power, capitalizing on the AI boom.