The Best Nvidia-Backed Data Center Stock to Buy: CoreWeave

Reported 2 days ago

CoreWeave, a leading player in AI infrastructure and backed by Nvidia, shows significant growth potential with a forecasted revenue surge of 420% in recent quarters. Unlike its competitor Nebius, CoreWeave operates as a 'neocloud', offering GPU access through cloud-based solutions, appealing to businesses facing high hardware costs. Its pivotal deals, including an $11.2 billion contract with OpenAI, and strong investor interest position it well for future success, making it the recommended choice for investors looking at Nvidia-backed stocks.

Source: YAHOO

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