Powell speech takes center stage in Tuesday’s economic events
Magnetar Financial LLC, along with related entities, sold shares of CoreWeave, Inc. (CRWV) Class A Common Stock on October 10, 2025, for a total of $30.9 million. The sales occurred at prices ranging from $144.55 to $151.31, near the stock’s 52-week high of $187. The company, currently valued at $74.18 billion, has seen its shares surge 246% year-to-date, though InvestingPro analysis indicates the stock may be overvalued at current levels.
The transactions involved the sale of shares held by various Magnetar Funds, including Magnetar Structured Credit Fund, LP, Magnetar Xing He Master Fund Ltd, Purpose Alternative Credit Fund - F LLC, and Purpose Alternative Credit Fund - T LLC. With a debt-to-equity ratio of 5.48 and negative earnings per share of -$3.72, detailed valuation metrics and additional insights are available through InvestingPro’s comprehensive research reports.
Magnetar Financial LLC serves as the investment advisor to these funds, with Magnetar Capital Partners LP as its sole member and parent holding company. Supernova Management LLC is the general partner of Magnetar Capital Partners. David J. Snyderman is the administrative manager of Supernova Management LLC.
Following these transactions, Magnetar Financial and related entities continue to hold significant positions in CoreWeave, Inc.
In other recent news, CoreWeave, Inc. announced the launch of Serverless RL, a managed reinforcement learning platform designed to simplify AI agent training. This new service, developed in collaboration with recently acquired OpenPipe, aims to streamline reinforcement learning by allowing developers to scale across multiple GPUs with minimal setup, showing nearly 1.4 times faster training and 40% lower costs compared to traditional setups. In addition, CoreWeave has entered into an agreement to acquire Monolith AI Limited, a company specializing in AI and machine learning solutions for physics and engineering challenges, to enhance its AI cloud infrastructure.
Evercore ISI has reiterated its Outperform rating for CoreWeave, citing the durability of the company’s GPU cloud business model. The firm highlighted CoreWeave’s multi-year take-or-pay noncancelable contracts as a key differentiator. Meanwhile, CoreWeave CEO Michael Intrator confirmed there are no plans to revise the current acquisition offer for Core Scientific, indicating the bid represents the value CoreWeave sees in the bitcoin mining firm. These developments reflect CoreWeave’s strategic focus on expanding its AI capabilities and maintaining its competitive position in the market.
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