CoreWeave shares rose Thursday, due to Nvidia's strong earnings and renewed market interest in AI. CoreWeave, an Nvidia partner, benefits from increasing AI infrastructure spending.
Nvidia Corp.'s (NASDAQ: NVDA) strong first-quarter performance highlights a quiet, yet fast-growing segment of the company that has long been overlooked by investors.
Shares of CoreWeave fell Wednesday despite no new news, pulling back from recent all-time highs. The decline follows strong gains fueled by impressive earnings and strategic partnerships, like with OpenAI.
The analyst noted that CoreWeave's valuation has become challenging to justify, especially given the absence of close comparable peers in the AI infrastructure sector.
