Why Did CoreWeave Soar 5.04%? NVIDIA's $1.6B Bet on AI Infrastructure

On June 9, 2025, CoreWeave's stock price surged by 5.04% in pre-market trading, reflecting strong investor confidence in the company's recent developments and strategic partnerships.

CoreWeave has seen significant backing from NVIDIA, with the chip giant now holding a 78% equity stake in the company. This investment, valued at approximately $1.6 billion as of June 2025, underscores NVIDIA's confidence in CoreWeave's potential and its role in the AI infrastructure market.

CoreWeave's leadership in providing AI cloud infrastructure for training models and other advanced workloads has been a key driver of its growth. The company's insider ownership, ranging from 19.9% to 38.1%, further indicates strong internal support and belief in its future prospects.

Recent developments, such as the $4 billion OpenAI expansion deal, have reinforced CoreWeave's high-growth status. This deal, along with the company's record-breaking NVIDIA GPU benchmark, has assuaged investor concerns and driven significant stock price appreciation.

CoreWeave's valuation has also been a topic of discussion, with its P/S multiple surpassing that of industry giants like NVIDIA and Microsoft. This valuation reflects the market's optimism about CoreWeave's growth potential in the expanding AI market.