Reported 2 days ago
CoreWeave, Inc. (NASDAQ:CRWV) experienced a significant 20.66% increase in stock price on Tuesday, reaching $123.97 per share, following the appointment of Carl Holshouser as Vice President for Government Affairs. With two decades of experience in public affairs, Holshouser is expected to lead the company's efforts in influencing federal and state policies. Additionally, CoreWeave benefits from challenges faced by Nvidia's suppliers, as it operates servers that were impacted by delays in AI data center rack shipments.
Source: YAHOO