US Stock Market Move | CoreWeave (CRWV.US) rose more than 4% and expanded its leasing cooperation agreement with OpenAI for the third time this year.

On Thursday, NVIDIA Corporation (NVDA.US) "baby" CoreWeave (CRWV.US) opened low and rose high. As of the time of writing, the stock has increased by over 4%, standing at $138.9 per share. On the news front, CoreWeave announced that it has expanded its leasing agreement with OpenAI for the third time this year, providing computational power for the training of its next generation advanced models. The value of this contract can reach up to $6.5 billion. CoreWeave announced a preliminary agreement with OpenAI in March of this year, with a maximum contract value of $11.9 billion, and then increased it by $4 billion in May. With the latest announcement, the total contract value between the two companies has now reached a maximum of $22.4 billion.