CoreWeave shares surge 19.34% after-hours as Nvidia invests $2 billion, boosting stake to 23M shares.

CoreWeave surged 19.34% in after-hours trading following a $2 billion additional investment from Nvidia, which nearly doubled its stake in the AI cloud computing company, making it the second-largest shareholder. This move signals strong confidence in CoreWeave’s growth potential, particularly in expanding its AI infrastructure capacity and data center capabilities. The investment aligns with CoreWeave’s recent brand campaign repositioning itself as “The Essential Cloud for AI,” which was launched during the Winter Olympics and features partnerships with AI innovators. However, the immediate catalyst for the sharp after-hours gain was the direct financial backing from Nvidia, underscoring its strategic importance in the AI ecosystem. While the brand campaign enhances long-term visibility, the investment by a key industry leader directly drove the stock’s performance.