Core Scientific (CORZ) Surges 33% as CoreWeave Revives Acquisition Bid

Core Scientific, Inc. (NASDAQ:CORZ) is one of the 10 Stocks Delivering Eye-Popping Gains.

Core Scientific rallied for a third straight day on Thursday, jumping 33.01 percent to close at $16.36 apiece following the revival of CoreWeave Inc.’s (NASDAQ:CRWV) bid to acquire the company.

According to a report by the Wall Street Journal, citing people privy to the matter, CoreWeave Inc. (NASDAQ:CRWV) revived talks to acquire Core Scientific, Inc. (NASDAQ:CORZ) after its first attempt in 2024 fell through due to pricing issues.

Both companies have yet to confirm or deny the reports ,but the Journal said that a deal is expected to be finalized in the coming weeks.

Core Scientific (CORZ) Surges 33% as CoreWeave Revives Acquisition Bid

An aerial view of an intricate network of digital infrastructure, lit up against a night sky.

CoreWeave Inc. (NASDAQ:CRWV) has been instrumental to Core Scientific, Inc.’s (NASDAQ:CORZ) growth trajectory, having exited from bankruptcy through pivoting aggressively into Artificial Intelligence infrastructure in January last year. At present, the company is worth $5 billion in market capitalization.

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Disclosure: None. This article is originally published at Insider Monkey.