CoreWeave Acquires Applied Digital for Power/Capex Relief
Key Questions
What acquisition did CoreWeave recently announce?
CoreWeave is acquiring Applied Digital (APLD) to address power and capex challenges. This provides relief for 3.1GW power constraints across 43 data centers requiring $30-35B capex.
Why is CoreWeave acquiring Applied Digital?
The deal tackles power limitations amid Nvidia GPU and backlog scaling needs. It ties into energy partnerships, acting as a fresh M&A catalyst for potential price target upside.
How did CoreWeave stock react to the Applied Digital acquisition news?
CRWV stock slipped pre-market despite Macquarie flagging 40% upside to $125 PT. This occurred amid volatility and contrasts with insider sells.
Acquisition of APLD addresses 3.1GW power constraints for 43 DCs/$30-35B capex amid NVDA GPU/backlog scaling; ties to energy partnerships, fresh M&A catalyst post-vol for PT upside like Macquarie $125 vs insider sells.
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Updated Apr 26, 2026