What's Going On With CoreWeave Stock Thursday?

CoreWeave, Inc. (NASDAQ: CRWV ) stock rose in Thursday’s premarket trading after the artificial intelligence cloud infrastructure provider announced plans to raise $3.5 billion through a senior notes offering. The move comes as AI infrastructure stocks recover alongside a broader rebound in the technology sector following recent selling pressure that weighed on high-growth names. Nasdaq futures are up 1.34% while S&P 500 futures have gained 0.81%. On Thursday, CoreWeave said it intends to offer $3.5 billion, or the euro equivalent, of U.S. dollar- and euro-denominated senior notes due 2032 in a private placement, subject to market conditions. Certain wholly owned subsidiaries will guarantee the notes on a senior unsecured basis. The company said it expects to use the net proceeds for general corporate purposes, including the repayment of existing debt, as well as fees and expenses related to the offering. ... Full story available on Benzinga.com