CoreWeave Rises 5% on $6.3B Capacity Deal with Nvidia

CoreWeave's stock rose by approximately 5% after announcing a $6.3 billion agreement with Nvidia.
Nvidia will purchase unused computing resources from CoreWeave through April 2032, securing the latter's server capacity usage.
The deal allows CoreWeave to mitigate revenue risks and ensures Nvidia access to cloud-based GPU resources.
Nvidia holds an equity stake in CoreWeave, owning 24.3 million shares valued at about $3.96 billion as of Q2.
CoreWeave, founded in 2017, specializes in renting access to Nvidia GPUs for AI model training and went public in March.
Following its IPO, CoreWeave's stock initially surged five-fold, declined by 50% in the summer, and has since rebounded by 35% post-Labor Day.