CoreWeave Stock News

Key Points Applied Digital (NASDAQ: APLD) shares doubled after announcing a $7 billion AI data center partnership with newly public CoreWeave (NASDAQ: CRWV).

Nvidia (NVDA -0.85%) is one of the most valuable companies in the world, with a market cap north of $3 trillion. It's a big name in artificial intelligence (AI) due to its high-powered chips, which are used in developing AI models and chatbots.

CoreWeave has emerged as a winner in Google's newly signed partnership with OpenAI, sources familiar with the matter told Reuters, in the latest example of the voracious appetite for computing resources in the artificial-intelligence industry and the formation of new alliances to meet them.

CoreWeave (CRWV -4.63%) went public in March and was one of the most anticipated IPOs of the artificial intelligence boom. It's also been one of the best-performing IPOs.

The AI cloud company takes on significant debt to finance its expansion.

CoreWeave (NASDAQ: CRWV) shares plunged Tuesday after a critical analyst note from D.A. Davidson raised concerns about the cloud computing company's financial fundamentals and outlook.

CoreWeave (CRWV 15.65%) zoomed from zero to hero on the stock market in just a couple of months.

CoreWeave (CRWV 15.44%) is attracting investors' attention because of its explosive growth rate.