CoreWeave Sparks AI Cloud Stock Rally, Lifts Nvidia
CoreWeave's results eased concerns about an AI bubble and lifted Nvidia, according to the headline.
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03:32:32 PM UTC
SquawkNews
CoreWeave NASDAQ:CRWV jumped more than 20% on Wednesday, igniting a rally in battered AI cloud stocks, as its hefty spending yielded strong revenue growth and the company signaled a pullback from the borrowing binge that had set off alarms of an AI bubble.The earnings also helped lift shares of key…