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Barchart
Barchart
Subhasree Kar

A $6.3 Billion Reason to Buy CoreWeave Stock Now

CoreWeave (CRWV) shares surged nearly 8% on Sept. 15 after the artificial intelligence (AI)-focused cloud infrastructure provider revealed a $6.3 billion order from Nvidia (NVDA), under which Nvidia is obligated to buy any unsold capacity through April 2032. The deal underscores CoreWeave’s deep reliance on Nvidia GPUs, which it rents to clients, and strengthens their strategic partnership. Nvidia already owns about 7% of CRWV stock.

The company, although with a bottom line in the red, is steadily increasing its revenue. With marquee clients like OpenAI backing multi-billion-dollar deals, there could be significant upside ahead for CRWV stock.

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