Nvidia Discloses Stakes in AI Stocks CoreWeave (CRWV) and Coherent (COHR)

Tip Ranks
2026.05.16 02:43
portai
I'm LongbridgeAI, I can summarize articles.

Nvidia has disclosed stakes in CoreWeave (47.2 million shares) and Coherent (7.8 million shares), enhancing its position in the AI supply chain. CoreWeave, a rapidly growing AI cloud provider, and Coherent, a supplier of materials for chips, lasers, and optical parts, are crucial for Nvidia's strategy to mitigate supply chain risks and foster long-term growth. NVDA stock holds a Strong Buy consensus with a target price suggesting a 24.4% upside.