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CoreWeave, Once the Year's Hottest AI Stock, Takes Extended Tumble

DENTON, TEXAS, JUL 14 – CoreWeave's expansion reflects AI's rising electricity demand, with Denton's power use set to double as the data center supports large-scale machine learning workloads, officials said.

For much of 2025, New Jersey’s CoreWeave was hotter than a spicy rigatoni, its shares rocketing after one of the year’s most anticipated initial public offerings. But shares in the Livingston-based AI-cloud computing firm tumbled 9% on Friday, a day after an even steeper 10% fall, which had to make investors feel a little bit like Jersey Shore residents as the annoying Bennys arrive from North Jersey and New York for their summer holidays. The B…

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thedailyupside.com broke the news in on Monday, July 14, 2025.
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