Nvidia is making a fortune! CoreWeave has risen approximately 65% year-to-date
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CoreWeave has risen approximately 65% since its listing earlier this year, with NVIDIA becoming one of the biggest beneficiaries. NVIDIA holds shares in CoreWeave valued at nearly $1.6 billion. CoreWeave is a company that provides cloud rental services of NVIDIA graphics processors for AI model training. It went public on NASDAQ in March, becoming the largest venture capital-backed tech IPO in the U.S. since 2021. CoreWeave's revenue grew by 420% year-on-year, exceeding market expectations, indicating that the AI boom continues to heat up
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