CoreWeave (CRWV) Sees 25.9% Jump On Record Performance From Nvidia Chips

We recently published a list of 15 Stocks That Stole The Show Last Week. In this article, we are going to take a look at where CoreWeave, Inc. (NASDAQ:CRWV) stands against other best stocks that stole the show last week.

CoreWeave jumped by 25.9 percent week-on-week as investor sentiment was boosted by its record-breaking performance results using Nvidia Corp.’s latest Grace Blackwell chips.

CoreWeave, Inc. (NASDAQ:CRWV) said in a statement that it used 2,496 Nvidia GPUs on its AI-optimized cloud platform, making its submission the largest-ever benchmarked under MLPerf.

CoreWeave, Inc. (NASDAQ:CRWV) said that the test was 34x larger than the only other submission from a cloud provider.

“AI labs and enterprises choose CoreWeave because we deliver a purpose-built cloud platform with the scale, performance, and reliability that their workloads demand,” said CoreWeave, Inc. (NASDAQ:CRWV) Chief Technology Officer Peter Salanki.

“These MLPerf results reinforce our leadership in supporting today’s most demanding AI workloads,” he added.

The announcement followed its newly clinched $7-billion deal with Applied Digital Corporation (NASDAQ:APLD), covering two 15-year lease agreements, under which the latter will deliver 250 megawatts of critical IT load to host its artificial intelligence (AI) and high-performance computing (HPC) infrastructure at its Ellendale, North Dakota data center campus.

Overall, CRWV ranks 8th on our list of best stocks that stole the show last week. While we acknowledge the potential of CRWV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.