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.
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.
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Chip maker Nvidia (NVDA) is investing an extra $2 billion in the data-c