CRWV is trading 7% up at $116.87 following a major vote of confidence from its key partner, Nvidia.
- Nvidia has nearly doubled its stake in CoreWeave, deepening its investment in the AI infrastructure provider.
- The move tightens the link between CoreWeave's cloud platform and Nvidia's GPU and networking ecosystem.
- This development comes as Nvidia also engages in a multi-billion dollar photonics deal with Coherent, aimed at supporting AI data center expansion.