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.
The investment will help the neocloud vendor add five gigawatts of AI-optimized compute by 2030, the two companies said Monday.
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.