10 Stocks That Stole the Show Today

5. CoreWeave, Inc. (NASDAQ:CRWV)

CoreWeave rallied for a second day on Monday, adding 7.83 percent to close at $86.59 apiece following plans to raise another $1.5 billion in fresh funds through the offer of senior notes due 2030.

In a statement on Monday, CoreWeave, Inc. (NASDAQ:CRWV) said that the offer will be guaranteed on a senior unsecured basis by its wholly-owned subsidiary, CoreWeave Cash Management LLC.

It said proceeds will be used to fund general corporate purposes, including repayment of outstanding debt, and to pay fees, costs, and expenses in connection with the offering of the notes.

Following the announcement, CoreWeave, Inc. (NASDAQ:CRWV) received a “B+” issuer credit rating from Moody’s Ratings.

In recent news, CoreWeave, Inc. (NASDAQ:CRWV) said in a regulatory filing that it clinched an additional $4 billion deal with OpenAI through 2029.

The deal was on top of the $11.9-billion deal already in place, under which CoreWeave, Inc. (NASDAQ:CRWV) provides OpenAI cloud computing capacity.