NVIDIA-concept stock CoreWeave surged by over 14%, skyrocketing by 160% in less than 2 months since its listing.

CoreWeave surged more than 14% on Wednesday to a new high, with its stock price up 160% in less than 2 months, closing at $102.77. On the news front, CoreWeave had reached a $4 billion agreement with OpenAI, which will continue until 2029, aimed at providing additional cloud computing capabilities. Chief Executive Officer Michael Intrator said in an interview: "The demand for our products is truly insatiable, and to meet this demand, CoreWeave is accelerating its investment plans, with total spending this year reaching $23 billion." In addition, as of the end of March 2025, NVIDIA held nearly $900 million worth of CoreWeave shares, representing a 7% stake.