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Magnetar Financial LLC, Magnetar Capital Partners LP, Supernova Management LLC, and Snyderman David J., all identified as ten percent owners of CoreWeave, Inc. (CRWV), reported selling shares of Class A Common Stock on October 13, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The company, currently valued at $69.5 billion, has seen its stock surge 248% year-to-date according to InvestingPro data.
The sales amounted to a total of $3.9 million. The shares were sold in multiple transactions with prices ranging from $140.15 to $143.26. While the company trades at premium valuations, InvestingPro analysis reveals 12+ additional investment insights, including detailed profitability metrics and growth forecasts, available in the comprehensive Pro Research Report.
In other recent news, CoreWeave has announced a significant partnership with Poolside to supply over 40,000 GPUs under Nvidia systems, potentially adding approximately $5 billion to its backlog, according to Evercore ISI. Although the financial specifics of the deal remain undisclosed, this development could bring CoreWeave’s total backlog to over $55 billion. Additionally, CoreWeave is planning to construct a massive AI data center in West Texas, known as "Horizon," which will utilize natural gas from the Permian Basin to power its operations.
The company also launched Serverless RL, a managed reinforcement learning platform aimed at simplifying AI agent training, which promises faster training times and reduced costs. This new service is a collaboration with OpenPipe, a recent acquisition by CoreWeave. In terms of stock ratings, Evercore ISI has reiterated its Outperform rating for CoreWeave, citing the company’s robust GPU cloud business model and long-term contracts. These developments highlight CoreWeave’s strategic moves to strengthen its position in the AI and cloud computing sectors.
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