CoreWeave’s Valuation Increases After Meta Partnership

CoreWeave (NASDAQ: CRWV), an AI cloud infrastructure company that transitioned from crypto mining, reported a remarkable 206% revenue increase to $1.21 billion in Q2, driven by the surging demand for AI computing power from clients like Microsoft, Nvidia, and OpenAI. The stock soared 12% after announcing a significant new deal with Meta Platforms (NASDAQ: META), further boosting its growth prospects.

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