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Sen. Tim Scott says crypto market structure bill will be done by end of September: CNBC Crypto World

Sen. Tim Scott says crypto market structure bill will be done by end of September: CNBC Crypto World

CNBC2 days ago

On today's episode of CNBC Crypto World, shares of crypto miner Core Scientific continued to climb for a second day following reported buyout talks with AI infrastructure giant CoreWeave. Plus, Sen. Tim Scott shares a timeline for a bill establishing rules for U.S. crypto markets. And, Ric Edelman, founder of the Digital Asset Council of Financial Professionals, explains why he's calling for financial advisors to allocate up to 40% to crypto in portfolios.

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CoreWeave, Inc. (CRWV): The Short Sellers Were 'Stupid,' Says Jim Cramer
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CoreWeave, Inc. (CRWV): The Short Sellers Were 'Stupid,' Says Jim Cramer

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BBAI vs. CRWV vs. APP: Which Growth Stock Is the Best Pick, According to Wall Street Analysts?
BBAI vs. CRWV vs. APP: Which Growth Stock Is the Best Pick, According to Wall Street Analysts?

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BBAI vs. CRWV vs. APP: Which Growth Stock Is the Best Pick, According to Wall Street Analysts?

Macro uncertainties, geopolitical tensions, and news on the tariff front have kept the stock market volatile. Despite ongoing uncertainties, analysts remain optimistic about several growth stocks and their potential to generate attractive returns over the long term. Using TipRanks' Stock Comparison Tool, we placed BigBear. ai Holdings (BBAI), CoreWeave (CRWV), and AppLovin (APP) against each other to find the best growth stock, according to Wall Street analysts. Confident Investing Starts Here: Holdings (NYSE:BBAI) Stock Holdings stock has risen more than 31% so far in 2025 and 292% over the past year, as investors are optimistic about the prospects of the data analytics company. BBAI offers artificial intelligence (AI)-powered decision intelligence solutions, mainly focused on national security, defense, and critical infrastructure. The company ended Q1 2025 with a backlog of $385 million, reflecting 30% year-over-year growth. 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CoreWeave (NASDAQ:CRWV) Stock CoreWeave, a cloud provider specializing in AI infrastructure, is seeing robust adoption for its products. The company, which provides customers access to Nvidia's (NVDA) GPUs (graphics processing units), went public in March. CRWV stock has risen about 300% to $159.99, compared to its IPO (initial public offering) price of $40. Remarkably, CoreWeave delivered a 420% jump in its Q1 2025 revenue to $981.6 million. Moreover, the company ended the first quarter of 2025 with a robust backlog of $25.9 billion. Meanwhile, CoreWeave has entered into lucrative deals, including an expanded agreement of up to $4 billion with ChatGPT-maker OpenAI and a collaboration to power the recently announced cloud deal between Alphabet's Google (GOOGL) and OpenAI. Is CRWV a Good Stock to Buy? Recently, Bank of America analyst Bradley Sills downgraded CoreWeave stock to Hold from Buy, citing valuation concerns following the strong rally after the company's Q1 results. 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CoreWeave Could Buy Core Scientific. How Should You Play CORZ Stock Here?
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Core Scientific (CORZ) shares soared late on Thursday following a Wall Street Journal report that CoreWeave (CRWV) is once again interested in acquiring the AI infrastructure company. While top executives from both firms are already in advanced talks, financial terms of the potential agreement remain unknown, the report added. 3 Under-The-Radar Dividend Aristocrats Set to Breakout in Q3 Analysts: AMD Stock Will 'Close the Gap' With Nvidia by 2026. Should You Buy AMD Stock Here? The Saturday Spread: Data-Driven Trades That Cut Through the Noise (GILD, MCD, DJT) Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Including the recent rally, Core Scientific stock is up more than 160% versus its April low. CoreWeave's renewed interest in buying CORZ could prove a meaningful tailwind for the latter's investors since it validates its strategic pivot from crypto mining to AI infrastructure. A potential buyout could help Core Scientific could rposition it as a critical enabler in the generative artificial intelligence arms race. Moreover, takeover agreements often involve a significant premium. So, it's reasonable to believe that an agreement with CRWV will likely deliver immediate value to Core Scientific shareholders. That's what made CORZ shares soar more than 40% on Thursday. On the flip side, investors should note that neither company has so far confirmed reports of buyout discussions. For those sticking with Core Scientific stock at current levels, that's a huge risk given CORZ could give up its recent gains entirely if the WSJ report proved more rumor than reality in the days ahead. Additionally, since the AI stock has rallied some 40%, a strong enough case can be made that much of the anticipated benefit from a potential CoreWeave deal is baked into it already. Caution is warranted in buying CORZ shares also because the company's revenue crashed about 56% year-on-year to a weaker-than-expected $79.5 million in its latest reported quarter. Despite the aforementioned concerns, Wall Street remains bullish on Core Scientific stock, forecasting further upside in the second half of 2025. According to Barchart, the consensus rating on CORZ shares currently sits at 'Strong Buy' with the mean target of about $18 indicating potential for another 7% gain from current levels. On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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