"CoreWeave ( NASDAQ: CRWV), the Nvidia ( NASDAQ:NVDA)-backed company that has seen an incredible run. The stock is up 222% year-to-date and 195% over six months. It went public in March and has been unstoppable since. The company specializes in providing cloud-based graphics processing unit infrastructure to artificial intelligence enterprises and developers. Coatue Management has increased its stake in the company by 5.73% recently, taking the total shareholding to 23.57%, its largest holding now. The company has announced several deals with AI firms,"
"CoreWeave is considered a leader amongst cloud computing platforms and is also ranked as the most capable service provider. The company announced a $14 billion deal with Meta Platforms Inc. ( NASDAQ: META). Today, it announced the acquisition of Monolith, an AI software provider. Notably, Nvidia's investment is not the only reason to own the stock. While the partnership works as a key strength for the business, it also has"
CoreWeave, Broadcom and Oracle are popular among retail investors and are favored holdings of Philippe Laffont of Coatue Management. Coatue has outperformed the S&P 500 over the past three years and curates the Fantastic 40 Growth & Innovation Index ranking companies by growth prospects through 2030. Form 13F filings reveal trades and show recent purchases. CoreWeave is Nvidia-backed, went public in March, and has surged over 200% year-to-date. Coatue increased its stake to 23.57%, citing expanding AI deals, a 207% year-over-year revenue jump to $1.2 billion in Q2, and a $30.1 billion backlog. CoreWeave announced a $14 billion Meta deal and acquired Monolith.
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