AI infrastructure leader CoreWeave, Inc. (NASDAQ: CRWV) has announced a $9.0 billion, all-stock deal to buy data center operator Core Scientific, Inc. (NASDAQ: CORZ). The market reacted with immediate skepticism,

CoreWeave (NASDAQ:CRWV) saw its rating cut at several brokerage firms after the company announced on Monday that it was acquiring Core Scientific (NASDAQ:CORZ) in an all-stock deal implying a total equity value of about $9B.

Artificial intelligence cloud infrastructure provider CoreWeave said Monday it plans to buy Core Scientific, a data center infrastructure operator. It is an all-stock deal valued at approximately $9 billion.