CoreWeave Soars as Nvidia’s Stake Fuels Stock Surge

Shares of CoreWeave (CRWV), an AI cloud computing company, experienced a remarkable surge on May 16 after chip giant Nvidia disclosed a significant stake in the firm. This move has sparked substantial investor interest, leading to a substantial increase in CoreWeave’s market capitalization above $38 billion. Trading volumes were notably higher than usual, with stock prices climbing as much as 26.3% on New York exchanges.