U.S. Stock Market Mover | CoreWeave (CRWV.US) Soars Over 17%, Nvidia's 7% Stake Valued at Nearly $1.6 Billion
According to the Chinese Wealth Management APP, on Friday, CoreWeave (CRWV.US) surged more than 17%, reaching $77.22. In terms of news, according to filings submitted by NVIDIA to the U.S. Securities and Exchange Commission (SEC), NVIDIA currently owns 7% of CoreWeave, or 24.2 million shares, valued at nearly $1.6 billion. The company's financial report released Wednesday night showed a staggering 420% year-over-year revenue growth, far exceeding market expectations, further confirming the continued trend of the artificial intelligence boom.
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