CoreWeave jumps on Nvidia’s $2 billion check as AI stocks brace for earnings week
CoreWeave shares surged 5.7% to $98.31 after Nvidia announced a $2 billion investment and plans to nearly double its stake at $87.20 per share. Nvidia slipped 0.7% in late trading. Microsoft unveiled its Maia 200 AI chip and new software tools, challenging Nvidia’s CUDA. U.S. stocks closed higher ahead of major earnings and a Fed meeting this week.