CoreWeave Stock Soars
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The companies said they would build AI factories on Nvidia’s computing-platform technology.
Nvidia has invested $2 billion in AI infrastructure provider CoreWeave, the companies announced Monday. Shares of CoreWeave popped 8% in premarket trading on Monday after Nvidia announced it has invested $2 billion in the artificial intelligence infrastructure provider.
Deutsche upgrades CoreWeave to Buy after Nvidia’s $2B investment, raises PT to $140, and previews 2026 growth catalysts—read the key takeaways.
CoreWeave (NASDAQ:CRWV) shares rose about 3% on Tuesday after Deutsche Bank upgraded the company to Buy from Hold. The move followed Monday's news that Nvidia (NVDA) invested $2 billion in CoreWeave and expanded their collaboration to accelerate AI factory buildouts.
A partnership with an artificial intelligence (AI) titan should help to accelerate the cloud infrastructure specialist's growth.
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Nvidia takes $2 billion stake in CoreWeave
Nvidia, the company at the center of the AI boom, said on Monday that it would invest $2 billion in data center company CoreWeave. Why it matters: The investment shows that the AI spending spree is far from slowing,