#coreweave

#coreweave

Shares are jumping 5% in morning trading today, approaching $120 per share, fueled by blockbuster news of a $6.3 billion deal with Nvidia ( NASDAQ:NVDA ). The agreement, signed under their existing master services pact, commits the chip giant to snapping up any unsold cloud capacity from CoreWeave through April 2032. This backstop ensures steady revenue amid soaring AI demand, highlighting CoreWeave's pivotal role in powering next-gen computing.

For years now, big tech and its financial backers have been blowing past the warning signs that human-level AI could turn out to be a pipe-dream, at best.