18 hours ago
CoreWeave (CRWV) Begins Using Nvidia's Blackwell Ultra GPUs
CoreWeave (CRWV) has become the first cloud provider to deploy Nvidia's (NVDA) next-generation artificial intelligence (AI) chip called the Blackwell Ultra GPU.
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Dell Technologies (DELL) is providing the servers to run the Nvidia Blackwell chips on, said the companies in a joint statement. The launch features liquid-cooled Dell servers that incorporate 72 Nvidia Blackwell Ultra GPUs and 36 Nvidia Grace CPUs. CoreWeave said this is just the beginning and that it plans to deploy more Nvidia Blackwell Ultra GPUs on Dell servers later this year.
'We're proud to be the first to operationalize this transformative platform at scale and deliver it into the hands of innovators building the next generation of AI,' said CoreWeave's Chief Technology Officer (CTO) Peter Salanki in the news release.
Seamless Transition
CoreWeave was founded in 2017 and provides large-scale access to graphics processing units, or GPUs, via the cloud. With GPUs in demand, it has become a much needed service for both AI start-ups and established companies alike.
The Blackwell Ultra GPU is a follow-up to the earlier Blackwell chip from Nvidia and offers 50% more performance compared to its predecessor. Earlier this year, Nvidia CEO Jensen Huang said the upgrade to Blackwell Ultra GPUs would be seamless compared with the difficult transition to Blackwell from earlier Hopper chips.
Dell has become a leading provider of computers and servers for AI microchips and processors.
Is CRWV Stock a Buy?
CoreWeave's stock has a consensus Moderate Buy rating among 18 Wall Street analysts. That rating is based on six Buy, 11 Hold, and one Sell recommendations issued in the last three months. The average CRWV price target of $78.53 implies 52.17% downside risk from current levels.
