Key Points
Nvidia (NASDAQ: NVDA) and Palantir Technologies (NASDAQ: PLTR) have excelled in artificial intelligence (AI), leading to significant increases in earnings and stock performance. In 2023, Nvidia was the top performer in the Dow Jones Industrial Average, while Palantir achieved the highest gain in the S&P 500. Emerging as a strong competitor, CoreWeave (NASDAQ: CRWV), which went public in March 2025, reported a remarkable 300% stock increase over just three months, outpacing both Nvidia and Palantir.
CoreWeave, closely associated with Nvidia, generates revenue by renting access to over 250,000 Nvidia GPUs, specializing in AI workloads. Its first-quarter earnings revealed a more than 400% year-over-year revenue increase. Nvidia holds a 7% stake in CoreWeave, which has recently launched new GPU architectures. While CoreWeave has announced plans to acquire Core Scientific for $9 billion in stock to save $10 billion in future lease payments, investor concerns about share dilution have affected its stock negatively.
Despite ongoing infrastructure investment risks that could delay profitability, aggressive investors may find value in CoreWeave’s position in the growing AI market, especially given its access to Nvidia’s latest technologies.
