The growth prospects are promising! CoreWeave (CRWV.US) received bullish endorsements from two investment banks.

According to the Zhitong Finance APP, earlier this week, CoreWeave (CRWV.US) announced a new order agreement based on the agreement signed with NVIDIA (NVDA.US) on April 10, 2023, with an initial value of up to $6.3 billion. The agreement aims to provide reserved cloud computing capacity for CoreWeave customers, and NVIDIA will purchase the remaining idle capacity from CoreWeave when the customers have not fully utilized their data center capacity. According to the terms of the agreement, NVIDIA has committed to purchasing the unused capacity of CoreWeave from 2025 to April 13, 2032, provided that CoreWeave meets delivery and service availability conditions. This arrangement not only helps CoreWeave increase capacity utilization, but also provides NVIDIA with more computational power support in the field of artificial intelligence and high-performance computing.