Proposed to invest $6 billion to expand CoreWeave data center, shares rise nearly 10%
Nvidia's holding company CoreWeave rose nearly 10% on Tuesday, with the stock price nearly tripling since its listing on the US stock market in March, now trading at $144.49. On the news front, CoreWeave announced plans to invest up to $6 billion to establish a large AI data center in Lancaster, Pennsylvania as the company expands its AI computing infrastructure capacity across the United States. Analysts point out that the continuing surge in global demand for AI computing power, coupled with the ongoing huge investments by tech giants in building large data centers, means that the global "AI faith" sweeping through the industry is far from over, potentially acting as a "super catalyst" for the stock prices of leaders in the computing power industry such as Nvidia for investors who have long been loyal to the company and the AI computing industry chain.
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