CoreWeave Surges to 13th Most Traded Stock with 45.86 Billion Volume

On June 9, 2025, CoreWeave (CRWV) experienced a significant surge, with its trading volume reaching 45.86 billion, marking a 37.5% increase from the previous day. This surge positioned CoreWeave as the 13th most traded stock of the day, reflecting a 15.65% increase in its stock price over the past two days, totaling a 20.03% gain.

CoreWeave's recent rally can be attributed to its pivotal role in the rapidly expanding artificial intelligence sector. The company's strategic partnerships, particularly with Nvidia, have been instrumental in driving its growth. Nvidia's strong earnings have had a positive impact on CoreWeave, as the latter's services are heavily reliant on Nvidia's in-demand GPUs. This symbiotic relationship often results in the two stocks trading in tandem.

CoreWeave's first-quarter report further bolstered investor confidence, showcasing a staggering 420% year-over-year revenue increase to $981.6 million. The company also announced a massive $25.9 billion revenue backlog, significantly boosted by a strategic agreement with OpenAI. This long-term data center deal with Applied Digital to expand its computing capacity underscores CoreWeave's aggressive growth strategy to meet the accelerating demand for AI infrastructure.