CoreWeave stock rips higher
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Tesla stock rises following a report that CEO Elon Musk will soon step away from his government role, Rivian tumbles after first-quarter deliveries drop 36% from a year earlier, and Trump Media falls after a filing seeks to allow a trust headed by President Donald Trump to sell around $2.
Google is in advanced talks to rent state-of-the-art Nvidia Blackwell chips for running artificial intelligence from CoreWeave, an upstart cloud provider, according to two people briefed about the situation.
Nvidia (NVDA) stock declined over 3% in premarket trading on Monday, closing the first quarter on a sour note. Investor sentiment weakened amid
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Shares of Nvidia (NASDAQ: NVDA) were among the losers last month as the artificial intelligence (AI) chip leader pulled back along with the broad market in March. There wasn't any major news that weighed on Nvidia,
CoreWeave has found a big market in selling Nvidia’s popular AI processors, but the company has a challenging story to sell to public investors.
CoreWeave sells access to Nvidia graphics processors as a service, allowing developers to rent chips by the hour so they can develop more advanced AI models.
CoreWeave, a cloud computing company backed by Nvidia, priced its initial public offering at $40 per share Thursday, below its previously expected range.
Stocks traded higher Wednesday ahead of an announcement on tariffs, during what President Donald Trump has dubbed “Liberation Day.” The White House said Trump will unveil the tariffs on U.S. trading partners at 4 p.