CoreWeave pops almost 60% this week on AI growth momentum, big Nvidia stake

CoreWeave CEO Mike Intrator testifies before the Senate Committee on Commerce, Science and Transportation in Washington on May 8, 2025. CoreWeave investors are having a big week. Shares of the artificial intelligence infrastructure provider rose 56% over the past five trading days, lifting the company's market cap to over $37 billion. CoreWeave has more than doubled in value since its initial public offering in late March. The company got a big boost after reporting 420% revenue growth in its first earnings report as a public company on Wednesday. Guidance surpassed full-year expectations as well. A day later, CoreWeave revealed that major supplier Nvidia holds a 7% stake, up from its pre-IPO holdings. Nvidia's holdings are now worth about $2 billion after this week's pop. The outperformance makes CoreWeave a standout in a market that has seen few IPOs of late, though there are signs that more companies are poised to debut. CoreWeave was the first pure-play AI IPO, and provides in ... Read full article.