Nvidia Acquires 7% Stake in CoreWeave, Shares Rise

Nvidia has recently acquired a 7% stake in CoreWeave, purchasing 24.2 million shares, which has led to a notable 4% increase in CoreWeave's pre-market stock price. This strategic investment signals Nvidia's confidence in CoreWeave and has positively influenced market sentiment. Nvidia's own shares have rebounded strongly, experiencing their best month in a year amid easing trade tensions with China and renewed optimism in Big Tech spending. The chipmaker's recovery is further supported by long-term sales agreements and robust capital expenditure from its major customers in artificial intelligence infrastructure. These developments underscore Nvidia's dominant position in the AI chip market and its strategic moves to bolster partnerships and market confidence. Overall, both companies are benefiting from Nvidia's investment and the improving market conditions.