Latest news with #CoreWeaveInc
Business Wire
5 hours ago
- Business
- Business Wire
CoreWeave to Participate in the Deutsche Bank Technology Conference
LIVINGSTON, N.J.--(BUSINESS WIRE)--CoreWeave Inc. (Nasdaq: CRWV) said Thursday that Chief Financial Officer Nitin Agrawal will take part in the Deutsche Bank 2025 Technology Conference. Agrawal's session is scheduled for August 27th at 8 a.m. Pacific time (11 a.m. Eastern). A live webcast and a replay of the presentation will be available on CoreWeave's Investor Relations site at Disclosure Information CoreWeave uses its investor relations page ( its X account (@CoreWeave), and its LinkedIn page ( to disclose material non-public information and for complying with its disclosure obligations under Regulation FD. Accordingly, investors should monitor these websites, in addition to following CoreWeave's press releases, Securities and Exchange Commission (SEC) filings, public conference calls and public webcasts. About CoreWeave, Inc. CoreWeave, the AI Hyperscaler™, delivers a cloud platform of cutting-edge software powering the next wave of AI. The company's technology provides enterprises and leading AI labs with cloud solutions for accelerated computing. Since 2017, CoreWeave has operated a growing footprint of data centers across the US and Europe. CoreWeave was ranked as one of the TIME100 most influential companies and featured on Forbes Cloud 100 ranking in 2024. Learn more at
Yahoo
09-07-2025
- Business
- Yahoo
CoreWeave first to launch Nvidia RTX PRO 6000 Blackwells at scale; stock gains
-- CoreWeave Inc. (NASDAQ:CRWV) climbed 1.7% on Wednesday after the AI-native cloud provider became the first to launch NVIDIA's powerful new RTX PRO 6000 Blackwell Server Edition at scale. The move positions CoreWeave at the forefront of ultra-high-performance AI infrastructure, reinforcing its aggressive strategy to lead in GPU cloud services. NVIDIA Corporation (NASDAQ:NVDA) shares also rose by 1.4%, underscoring investor enthusiasm for growing AI demand. The RTX PRO 6000 GPU introduces transformative accelerations, claiming up to 5.6x faster large language model (LLM) inference and 3.5x faster text-to-video generation compared to its predecessor. Built to handle models as large as 70 billion parameters, CoreWeave's instances are designed for both inferencing and generative workloads across research, fintech, and creative sectors. Their cutting-edge configuration includes 8x RTX PRO 6000 GPUs, 128 Intel (NASDAQ:INTC) Emerald Rapids vCPUs, 1TB of RAM, and 100 GBps networking throughput. Integrated within CoreWeave's AI-optimized cloud platform, the new instances offer high-performance processing with flexible scalability for enterprise clients. 'The NVIDIA RTX PRO 6000 GPU represents a breakthrough in AI and graphics performance, empowering a variety of industries with advanced, cost-effective solutions,' said Dave Salvator, director of accelerated computing products at NVIDIA. The announcement also expands CoreWeave's already broad NVIDIA GPU portfolio, which includes pioneering access to the GB200 NVL72 system and the HGX B200 platform. Its history of early adoption, being the first to bring NVIDIA H200 and GB200 NVL72 offerings to general availability, has made it a sought-after partner for developers building next-generation AI solutions. Wall Street has taken notice of CoreWeave's momentum as AI infrastructure spending accelerates. As demand for foundation models and generative AI surges, investors appear increasingly bullish on companies with unrivaled access to top-tier GPUs and the engineering talent to deploy them at scale. Related articles CoreWeave first to launch Nvidia RTX PRO 6000 Blackwells at scale; stock gains Jefferies maintains Buy on Alibaba shares, cites strong AI-driven cloud growth TikTok preparing standalone U.S. app with separate algorithm
Time of India
02-07-2025
- Business
- Time of India
How this AI company's CEO has joined the World's Richest after stock surges 300%
Three months after a shaky public debut, CoreWeave Inc. , an AI cloud-computing provider, has seen its stock skyrocket nearly 300% since its March IPO, propelling CEO Michael Intrator into the ranks of the world's 500 wealthiest individuals. Tired of too many ads? go ad free now According to the Bloomberg Billionaires Index , Intrator's net worth has surged to $10.3 billion, ranking him 311th globally, ahead of figures like New England Patriots owner Robert Kraft and Blackstone Inc. President Jon Gray. The rapid rise has made CoreWeave one of the top 30 performers on the Nasdaq Composite Index since going public, reflecting a broader hot streak for IPOs in 2025. Newly public companies are posting their strongest debut gains since 2021, creating new billionaires like Circle Internet Group's Jeremy Allaire and Webull Corp.' s Anquan Wang and Jun Yuan. Intrator's wealth jump, however, is remarkable for its speed, climbing from $5 billion to $10 billion in just 12 days -- compared to the average of over three years for others on Bloomberg's wealth index. CoreWeave's rally has also enriched its co-founders and early investors. Chief Strategy Officer Brian Venturo's fortune now stands at $6.4 billion, while Chief Development Officer Brannin McBee's wealth is valued at $4.7 billion. Early backers include billionaire Leslie Wexner, whose trust holds a $2.9 billion stake from a 2019 seed round, and board member Jack Cogen, with shares worth $3.4 billion. Cogen, a former colleague of Intrator and Venturo from Natsource Asset Management, also served as a director at Intrator's prior venture, Hudson Ridge Asset Management. The surge underscores CoreWeave's growing prominence in the AI sector and the explosive investor enthusiasm for tech-driven IPOs this year.
Yahoo
27-06-2025
- Business
- Yahoo
Core Scientific shares rally as CoreWeave rekindles acquisition talks
-- Shares of Core Scientific Inc (NASDAQ:CORZ) surged over 25% after reports that CoreWeave Inc (NASDAQ:CRWV), a provider of artificial intelligence cloud infrastructure, is once again in advanced talks to acquire the bitcoin mining and hosting company. The development revives a previously rejected bid and highlights growing consolidation between the AI and digital infrastructure sectors. According to a report by The Wall Street Journal, the two firms could finalize a transaction in the coming weeks, provided negotiations proceed smoothly. While specific terms of the potential deal remain unclear, Core Scientific's current market valuation of approximately $3.7 billion suggests the offer would likely carry a substantial premium. Core Scientific declined to comment to on the matter. CoreWeave has yet to respond to a request for commentary. CoreWeave had previously offered $5.75 per share last year, valuing Core Scientific at just over $1 billion. The bid was rejected by Core Scientific as too low, and its shares have since more than doubled, now trading well above the prior offer. Despite turning down the takeover, the companies have developed a close operational relationship. In June 2024, Core Scientific signed a series of 12-year contracts to supply hundreds of megawatts in hosting capacity to CoreWeave, expected to generate billions of dollars in revenue for the company. The potential acquisition comes amid a sharp rise in CoreWeave's valuation. Since its public listing in March 2025, CoreWeave's stock has climbed nearly 350%, reflecting outsized investor interest in AI-related infrastructure plays. Core Scientific, meanwhile, owns and operates one of the largest fleets of digital infrastructure for bitcoin mining and high performance computing in North America. Its position makes it a potentially strategic asset for CoreWeave as the AI firm scales its technical capacity. A deal, if finalized, would represent CoreWeave's second acquisition attempt in two years and its first major move since going public. In turn, Coreweave stock is down 1.5%. Related articles Core Scientific shares rally as CoreWeave rekindles acquisition talks Pony AI stock surges after NYT reports Uber-Kalanick talks for acquisition India rejects a UN investigator offered to help probe into the 787 crash Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
29-05-2025
- Business
- Yahoo
Why CoreWeave, Inc. (CRWV) Went Up On Tuesday
We recently published a list of . In this article, we are going to take a look at where CoreWeave, Inc. (NASDAQ:CRWV) stands against other best-performing stocks. CoreWeave Inc. surged by 20.66 percent on Tuesday to end at $123.97 apiece as investors cheered the appointment of a new executive to handle government affairs. According to the company, it appointed Carl Holshouser as Vice President for Government Affairs, who has two decades of track record in government and public affairs. In his new role, he is expected to spearhead CoreWeave, Inc.'s (NASDAQ:CRWV) efforts in shaping public policies at the federal and state levels. Holshouser also boasts achievements in advocacy on artificial intelligence, privacy, trade, cybersecurity, and semiconductors, among others. Additionally, CoreWeave, Inc. (NASDAQ:CRWV) appeared to have benefited from news that a clutch of Nvidia suppliers have faced technical challenges that delayed shipments of its AI data center racks, which in turn, negatively affected production of its Blackwell AI servers. In contrast, CoreWeave, Inc. (NASDAQ:CRWV) hosts such servers in its platform. Overall, CRWV ranks 2nd on our list of best-performing stocks. While we acknowledge the potential of CRWV, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CRWV and that has 10,000x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
