Nvidia-backed GPU cloud provider CoreWeave surges to $19 billion valuation
Publishing timestamp: 2024-05-01 13:27:11
Summary
CoreWeave's valuation has jumped to $19 billion from $7 billion months ago as the startup raises $1.1 billion in funding. The company plans to expand its data center infrastructure globally to compete with major technology companies like Amazon and Google.
Sentiment: POSITIVE
Tickers: NVDA, AMZN, MSFT, GOOGL, SMCI,
Keywords: business, amazon.com inc, alphabet inc, super micro computer inc, microsoft corp, breaking news: technology, nvidia corp, technology, business news, enterprise,
Source: https://www.cnbc.com/2024/05/01/nvidia-backed-gpu-cloud-provider-coreweave-is-worth-19-billion.html