CoreWeave Stock Soars
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Nvidia purchased $2 billion worth of CoreWeave shares as it expanded its partnership with the cloud company, which will use Nvidia chips.
The chip giant deepens its partnership with CoreWeave to accelerate the buildout of massive AI data centers as artificial intelligence reshapes global power needs.
Nvidia takes a $2 billion stake in CoreWeave as the partners plan to build 5 gigawatts of AI factories by 2030, boosting shares and investor optimism.
CoreWeave Inc. (NASDAQ:CRWV) ranks among the 10 best new stocks to buy in Ray Dalio’s portfolio. On January 6, Truist Securities initiated coverage of CoreWeave Inc. (NASDAQ:CRWV) with a Hold rating and a $84 price target.