Fri May 16 13:50:00 UTC 2025: Here’s a summary of the text and a rewritten version as a news article:

**Summary:**

CoreWeave, a company renting out Nvidia GPUs for AI model training, has seen its stock soar 65% since its IPO in late March. Nvidia, a major investor and supplier, has significantly benefited from this surge. Nvidia’s stake in CoreWeave, valued at approximately $900 million at the end of March, is now worth nearly $1.6 billion. Nvidia even stepped in to support CoreWeave’s IPO by anchoring the deal at $40 per share. CoreWeave’s recent revenue growth of 420% year-over-year, exceeding analysts’ expectations, further fuels the stock’s positive trajectory.

**News Article:**

**Nvidia Rides CoreWeave’s AI Boom to Billion-Dollar Gains**

**NEW YORK, NY** – Chip giant Nvidia is reaping significant rewards from its investment in CoreWeave, a cloud provider specializing in GPU-powered computing for AI training. CoreWeave shares have surged roughly 65% since the company’s IPO in late March, boosting the value of Nvidia’s stake by hundreds of millions of dollars.

According to a filing released Thursday, Nvidia held approximately 24.2 million shares of CoreWeave at the end of March. This stake, initially valued at around $900 million, is now estimated to be worth close to $1.6 billion.

CoreWeave, which rents out access to Nvidia graphics processing units (GPUs) to businesses training artificial intelligence models, went public on the Nasdaq in late March. The IPO, the largest U.S. venture-backed tech IPO since 2021, raised $1.5 billion. Nvidia was not only a key investor, but also played a crucial role in ensuring the IPO’s success. When market jitters threatened the initial pricing range of $47-$55 per share, Nvidia stepped in, offering to anchor the deal at $40 per share with a $250 million order.

“Nvidia is a wonderful partner,” CoreWeave CEO Mike Intrator told CNBC shortly after the IPO, emphasizing the symbiotic relationship between the two companies.

Investors in CoreWeave have enjoyed substantial gains, with the stock closing at $65.77 on Thursday. The company’s strong performance is fueled by the ongoing AI boom. CoreWeave late Wednesday reported a remarkable 420% revenue growth from a year earlier, beating analysts’ estimates.

Nvidia’s significant investment in CoreWeave highlights the chipmaker’s strategic positioning within the rapidly expanding AI landscape. As AI development continues to accelerate, Nvidia stands to benefit both from its direct involvement in GPU manufacturing and its strategic investments in companies like CoreWeave that are enabling the growth of the AI ecosystem.

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