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Time of India
5 days ago
- Business
- Time of India
This AI rocket stock just posted 400% growth, and it's powered by Nvidia's engine
A comparatively new player in the artificial intelligence (AI) field, making waves on Wall Street, is CoreWeave , which was only publicly traded for a mere three months and has already exploded over 300% since its initial public offering, topping the S&P 500's 12% gain, as per a report. CoreWeave: The AI Newcomer That's Beating the Market In its latest quarter, CoreWeave saw over 400% revenue growth as it carved out a key position in the high-growth AI market, and its performance is comparable to tech giants like Amazon and Nvidia , according to The Motley Fool report. CoreWeave's Secret Weapon The company is booming as it is helping AI customers with something they need most right now, and that's access to high-performance computing, which is CoreWeave's main business, as reported by The Motley Fool. CoreWeave has invested in 250,000 graphics processing units (GPUs), with its network stretching over 30 data centers and offers customers the possibility to rent the computing they need for any period of time, as customers can lease on an hourly basis, according to the report. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Los ciudadanos chilenos pueden solicitar la ciudadanía estadounidense gc programa Undo ALSO READ: Craving McDonald's snack wraps? They are back — with bold new flavors you need to try Since AI innovation usually depends on the speed at which models can be trained and put into production, CoreWeave's guarantee of increased processing speeds and uptime is a strong selling point, as per The Motley Fool report. The company claims its infrastructure reduces model training times, enabling businesses to get their AI products to market quicker, an advantage that can make all the difference between being ahead of or behind in this sizzling-hot sector, according to the report. Live Events This approach has also driven the company to post a triple-digit revenue gain in the recent quarter, and as the AI market is on track to reach into the trillions of dollars, this positive momentum also may continue, as reported by The Motley Fool. Nvidia's Backing Fuels CoreWeave's Rise A major aspect of CoreWeave's increased demand is its close association with Nvidia, the market leader of the AI boom, as per the report. Not only did CoreWeave become the first cloud provider to provide access to Nvidia's new Blackwell architecture earlier this year, but it has also just become the first to provide access to Nvidia's most advanced chip to date—Blackwell Ultra, according to The Motley Fool report. Even Nvidia sees potential in CoreWeave, as the AI chipmaker owns a 7% stake in CoreWeave, as per the report. ALSO READ: Delta shares take off as tax cuts, trade deals clear the runway for massive gains Can This Cloud Provider Take On the Tech Giants? Although the long-term prospect for CoreWeave appears bright because of the enormous expansion of the AI industry and its initial advantage in AI-focused cloud infrastructure, but the journey ahead might not be smooth, according to The Motley Fool report. As CoreWeave continues to be challenged by technology giants such as Amazon, Microsoft, and Google, which have their own cloud platforms, as reported by The Motley Fool. These giants have deep pockets and loyal customer bases, and CoreWeave will need to keep innovating and demonstrating its special value to differentiate itself to maintain a share of the market, according to the report. ALSO READ: Inside Trump's latest blow-up on tariffs: Furious over climbdown, he goes off on inner circle FAQs Why does GPU access matter so much in AI? AI models require intense computing power to train. The faster you can train, the faster you can innovate — and CoreWeave makes that easier. How much has CoreWeave grown recently? In its latest quarter, the company saw revenue jump over 400%, a sign of explosive demand and strong positioning in the AI market, as per The Motley Fool report.
Time of India
24-06-2025
- Business
- Time of India
Woody Johnson, New York Jets owner, buys 43% stake in Premier League club Crystal Palace
New York Jets owner Robert Wood Johnson , popularly know as 'Woody', is on the verge of entering English football, with Premier League side Crystal Palace confirming Monday that Johnson has signed a legally binding agreement to acquire fellow American John Textor 's 43% stake in the club. The deal, reported to be valued between $220 million and $260 million, is pending approval from the Premier League and Women's Super League, but Palace stated they foresee no obstacles. "Whilst the completion is pending approval. We do not envisage any issues and look forward to welcoming Woody as a partner and director of the club," Palace said in a statement. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Los ciudadanos chilenos pueden solicitar la ciudadanía estadounidense gc programa Undo — CPFC (@CPFC) "We would like to go on record to thank John Textor for his contribution over the past four years and wish him every success for the future." Live Events Johnson, who previously attempted to buy Chelsea in 2022, now succeeds in making his mark in English football. The timing of the deal is significant for Palace, who recently qualified for next season's UEFA Europa League following their FA Cup final triumph over Manchester City. Textor's dual ownership interests, particularly his stake in French club Lyon - which also qualified for the Europa League - posed a potential conflict under UEFA's multi-club ownership rules. Johnson's acquisition helps resolve that issue and clears Palace's path to European competition, further solidifying the club's ambitions on and off the pitch.
