US Stock Market Move | NVIDIA Corporation holds Concept Stock Coreweave (CRWV.US), which fell more than 7%.

On Friday, NVIDIA Corporation (NVDA.US) concept stocks were generally down, as of the time of writing, Coreweave (CRWV.US) was down over 7%, Applied Digital (APLD.US) was down over 9.4%, and NEBIUS (NBIS.US) was down over 9.6%. In terms of news, Coreweave announced that they will acquire AI computing power mining company Core Scientific (CORZ.US) according to the all-stock agreement reached on July 7, emphasizing that the offer is "best and final" and will not be modified. CoreWeave stated that this merger provides the safest and most valuable path for the future development of both parties, offering an immediate premium for shareholders and significant long-term growth potential. The company believes that if Core Scientific chooses to operate independently, they would face substantial capital expenditures and execution risks, therefore urging shareholders to vote in favor of the transaction at the special shareholders meeting scheduled for October 30.