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CoreWeave (CRWV) shares are down 4% on Friday morning and fell 5% on Thursday despite the artificial intelligence (AI) infrastructure firm announcing a fresh $6.5 billion agreement with OpenAI.
This new deal expands CRWV’s total contract value with the ChatGPT maker to $22.4 billion, and reinforces the trust in its ability to power the most demanding AI workloads at an “unmatched pace.”