markets

Jon Keegan5/16/25

CoreWeave pops on news of $900 million Nvidia stake

Shares of AI cloud computing provider CoreWeave shot up over 20% today after an SEC filing revealed the large stake in the company held by Nvidia.

CNBC reports that this stake was worth $900 million as of March.

Such a substantial stake by Nvidia is a big vote of confidence in the company, which recently left investors wanting more from its guidance after its first quarter reporting as a public company.

(That being said, if Nvidia’s involvement with CoreWeave’s equity is something that strikes you as new news, you probably haven’t been paying close attention. The cloud computing company’s IPO was anchored by the chip designer.)

Nvidia owned $900 million in CoreWeave stock as of March, filing shows

Nvidia owned $900 million in CoreWeave stock as of March, filing shows

(That being said, if Nvidia’s involvement with CoreWeave’s equity is something that strikes you as new news, you probably haven’t been paying close attention. The cloud computing company’s IPO was anchored by the chip designer.)

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J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

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Meta surges on report it’s starting a cloud business to sell excess AI compute

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