CoreWeave Stock Jumps Double Digits on Nvidia Blockbuster Earnings

CoreWeave CRWV climbed about 10% on Thursday morning after Nvidia NVDA reported strong fiscal third-quarter results.

Investors said the surge reflects expectations that Nvidia's booming demand for Blackwell GPUs and data-center products could benefit companies connected to AI infrastructure, including CoreWeave.

Nvidia posted $57 billion in revenue and $1.30 in adjusted EPS, beating Wall Street estimates, and projected roughly $65 billion in revenue for the next quarter. Data-center sales rose to $51.2 billion, highlighting strong growth in compute-focused GPUs.

Analysts noted Nvidia's $12.5 billion share buyback and rising net income could lift sentiment across suppliers and partners if orders for AI infrastructure accelerate.

While CoreWeave's stock jump shows short-term momentum, experts said investors should watch for concrete contract updates or order flows to gauge sustained impact.

The sluggish sales in China and the overemphasis on compute versions of GPUs could affect the location of downstream demand and the rate at which businesses such as CoreWeave are advantaged.