CoreWeave’s $4B OpenAI Deal Spurs $23B Capex Amid $1.49 Q1 Loss

CoreWeave just sealed a $4 billion expansion deal with OpenAI that runs through April 2029, but investors aren’t celebrating. The specialized cloud provider’s stock dropped 2.5% Thursday as Wall Street grappled with the company’s eye-popping spending plans that dwarf its revenue projections. The New Jersey-based firm plans to burn through $20 billion to $23 billion … Continue reading CoreWeave’s $4B OpenAI Deal Spurs $23B Capex Amid $1.49 Q1 Loss