CoreWeave Stock Soars
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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.
Jim Chanos voiced caution on the gold rush in AI data centers, telling investors they should own the companies building the AI models.
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.
Advances in artificial intelligence (AI) over the past few years have captivated Wall Street and Main Street alike. These next-generation algorithms are changing the fortunes of companies across the tech landscape, and the most high-profile of these is arguably Nvidia ( NVDA +1.66%).
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,