CoreWeave (CRWV) Stock Soars After Nvidia Discloses Stake
From Yahoo Finance: 2025-05-18 05:56:00
CoreWeave (NASDAQ: CRWV) shares surged 22% to $80 after Nvidia Corp.’s SEC filing revealed a 7% stake in CoreWeave, higher than previously known. CoreWeave provides cloud-based GPU infrastructure for AI developers, closely tied to Nvidia’s chips. Strong Q1 results led JP Morgan analyst Mark Murphy to raise the share price target to $66.
Investors’ confidence in CoreWeave rose after Nvidia disclosed a 7% stake in the company, higher than previously known. CoreWeave provides cloud-based GPU infrastructure for AI developers, closely tied to Nvidia’s chips. Strong Q1 results led JP Morgan analyst Mark Murphy to raise the share price target to $66, citing positive growth catalysts.
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Read more at Yahoo Finance: CoreWeave (CRWV) Stock Soars After Nvidia Discloses Stake