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.
6 Articles
6 Articles
CoreWeave Stock Soars Amid Data Center Expansion in Texas, Spotlighting AI’s Power Strain
CoreWeave Inc. (NASDAQ: CORZR) surged 33% following news of a major data center expansion in Denton, Texas — a development that underscores the growing strain artificial intelligence (AI) is placing on America’s power grid. The new facility, which is being developed by Core Scientific Inc., is expected to double the electricity consumption of Denton, a fast-growing city about 50 miles northwest of Dallas. With a population nearing 166,000 — almo…
CoreWeave Data Center to Double City’s Power Needs as AI Strains US Supply
CoreWeave Inc. is expanding a data center that is projected to double the electricity needs of a city near Dallas, another example of the strains that artificial intelligence workloads are placing on the US power supply.
CoreWeave, Once the Year's Hottest AI Stock, Takes Extended Tumble
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…
CoreWeave Data Center To Double City's Power Needs
An anonymous reader quotes a report from Bloomberg: CoreWeave is expanding a data center that is projected to double the electricity needs of a city near Dallas, another example of the strains that artificial intelligence workloads are placing on the US power supply. Local officials have grappled wi...
Navigating water stewardship in Texas' AI expansion
Recent floods have shown how violently Central Texas can oscillate between catastrophic excess and chronic scarcity, making careful water stewardship even more critical as tech infrastructure expands. Yet in this same water-stressed region, construction is slated to begin on a 200-acre AI data center within the Edwards Aquifer Authority. As AI brings innovation to the Texas Hill Country, locals and conservationists grapple with the question: At …
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