Nvidia, CoreWeave
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Healthcare stocks tumble after the Trump administration proposes to keep payments for Medicare Advantage plans roughly flat in 2027.
A partnership with an artificial intelligence (AI) titan should help to accelerate the cloud infrastructure specialist's growth.
The stock gapped up and maintained its gains, closing close to the peak of $91.94, indicating institutional demand absorbing any profit-taking. CoreWeave enjoys substantial institutional ownership, with 766 firms holding positions, suggesting a solid base of long-term investors reaffirming their involvement.
USA Rare Earth surges on a government investment, while CoreWeave jumps following an announcement that Nvidia is making a $2 billion investment in the AI cloud company.
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Why CoreWeave Stock Popped Today
Management pushed back on concerns about GPU depreciation.
Chip maker Nvidia (NVDA) is investing an extra $2 billion in the data-c