CoreWeave Stock Soars
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CoreWeave stock was gaining again Tuesday as a $2 billion investment from Nvidia has analysts more convinced on its future trajectory.
Nvidia purchased CoreWeave Class A common stock at $87.20 per share.
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.
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Why CoreWeave Stock Popped Today
Management pushed back on concerns about GPU depreciation.
CoreWeave stock soars as Nvidia invests $2 billion. But Jensen Huang just said something that warrants caution in buying CRWV shares.
CoreWeave shares are trading lower amid overall market volatility this week after President Donald Trump posted on social media that, starting Feb. 1, Denmark, Norway, Sweden, France, Germany, the UK,