Economic TimesLean R·
CoreWeave shares surge over 26%, spark rally in battered AI cloud stocks
CoreWeave shares surged more than 26% on Wednesday, fuelling a rally in battered AI cloud stocks after heavy infrastructure spending delivered strong revenue growth and the company signalled a retreat from the borrowing spree that had raised fears of an artificial intelligence bubble, Reuters reported.CoreWeave shares were trading at $61.61, up $12.88 or 26.43% over the previous close.The results also helped lift Nvidia, a major CoreWeave backer, by 2%. Nvidia had fallen sharply over the previo…
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