Nvidia Secures Capacity Commitment from CoreWeave

CoreWeave (NASDAQ: CRWV), an AI cloud infrastructure stock, debuted in March with an undersubscribed IPO, but surged to $187 by June after Nvidia (NASDAQ: NVDA) invested. Despite achieving over $1 billion in quarterly revenue with a 206% growth, the company faces significant losses due to high debt from funding its data center expansions.

Want More Context? 🔎