CoreWeave stock rips higher
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Tesla falls as first-quarter deliveries widely miss estimates, Nvidia declines after ending a five-session losing streak, and Trump Media drops after a filing seeks to allow a trust headed by President Donald Trump to sell around $2.
Artificial intelligence startup CoreWeave's shares closed up 42% at $52.57 on Tuesday, their third day of trading, above their initial public offering price of $40.
CoreWeave co-founder Brian Venturo knows that three hedge fund guys, turned crypto miners, now running AI training infrastructure has been a wild ride.
AI tokens, including NEAR, ICP, TAO and RENDER rose on Tuesday after OpenAI announced the closing of its record-breaking private funding round the day prior.
CoreWeave, the AI Hyperscalerâ„¢, today announced its MLPerf v5.0 results, setting a new industry benchmark in AI inference with NVIDIA GB200 Grace Blackwell Superchips. Using a CoreWeave instance with NVIDIA GB200,
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CoreWeave's IPO debut tests neocloud viability and reliance on Nvidia GPUs.
The start-up, which provides the processing power to help develop A.I. systems, faces questions about its debt and the overall economy.
CoreWeave rents out access to Nvidia graphics processing units to other large tech and AI companies including Meta, IBM and Cohere.
CoreWeave’s valuation at 5x forward sales isn’t compelling when debt is mounting, and cash flow is deeply negative. Read why I'm neutral on CRWV stock.