Gehlot
09-16

$CoreWeave, Inc.(CRWV)$ 

CoreWeave Strikes $6.3B Deal with Nvidia, Shares Surge:

CoreWeave (CRWV) announced it has signed a $6.3 billion initial order with Nvidia (NVDA), with a condition that Nvidia must purchase any unsold cloud-computing capacity through April 13, 2032, if CoreWeave’s data centers are underutilized. The deal, finalized on Sept. 9 and disclosed in an SEC filing, sent CoreWeave shares up nearly 7% intraday Monday.

Nvidia has multiple ties with CoreWeave: it sells chips to the company, is a direct customer, and also holds a stake in the cloud platform. CoreWeave’s other major clients include Microsoft, OpenAI, and Meta Platforms.

Analysts  believe that AI infrastructure demand appears almost insatiable with near to medium term demand expected to significantly outstrip supply.

@Daily_Discussion @TigerStars @TigerWire @TigerCommunity @Tiger_comments @Tiger_Newspress 

CoreWeave Signs New Orders With Nvidia Worth $6.3 Billion
CoreWeave signed a $6.3 billion order with Nvidia for cloud computing capabilities, sending CoreWeave shares up more than 10% premarket.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment
2