US Stock Market Move | NVIDIA Corporation's "beloved son" CoreWeave (CRWV.US) hits another all-time high, accumulating a gain of over 185% since its debut on the market.

On Thursday, NVIDIA Corporation's "blue chip" CoreWeave (CRWV.US) saw a rise in mid-trading, with the stock price hitting a new all-time high, up over 6%, and a cumulative increase of over 185% since its listing. In terms of news, last Thursday, CoreWeave reached a deal worth as much as $ 4 billion with industry leader OpenAI to provide more cloud computing capabilities, a move that thrilled bullish investors. In an interview, the CEO of the company, Michael Intrator, stated: "The demand for the products we offer is truly insatiable. To meet this demand, CoreWeave is accelerating its investment plans, with total spending reaching $23 billion this year." Furthermore, Citigroup analysts pointed out that CoreWeave's first quarter financial report as a listed company exceeded expectations and should alleviate concerns in the market about weak demand. The analysts wrote in a report that this financial report reinforces the high-growth image of this super-large-scale cloud computing company, "and may dispel investors' concerns about AI capital expenditure/infrastructure slowdown." They raised their expectations for the company's second quarter and full-year revenue, while lowering the discount rate on its valuation.