After Its New $6.3 Billion Deal With Nvidia, Is It Finally Time to Buy CoreWeave Stock?

The advent of artificial intelligence (AI) has changed the face of technology, and that shift is ongoing. Nvidia (NASDAQ: NVDA) became the market's first AI darling, as its graphics processing units (GPUs) quickly became the gold standard for running AI models and speeding data through the ether. It has soared more than 1,100% since early 2023 (as of this writing), and the stock remains within striking distance of a new all-time high. During that same period, Nvidia's revenue jumped 673%, driving net income up 1,770%.Those blistering results have attracted the attention of the tech world, with many companies scrambling to get a share of the AI windfall. However, the unrelenting demand for AI-capable chips and limited production capacity led to a shortage of top-shelf GPUs that continues to this day. This presented an intriguing opportunity for the rise of CoreWeave (NASDAQ: CRWV), which provides cloud-based AI resources for customers.The neocloud provider just deepened its already strong relationship with Nvidia. That, combined with the recent correction in its share price, has some investors wondering whether it's finally time to buy CoreWeave stock.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool