NVIDIA (NVDA, Financial) has disclosed in a filing with the U.S. Securities and Exchange Commission (SEC) that it currently owns 7%, or 24.2 million shares, of CoreWeave (CRWV). The investment is valued at approximately $1.6 billion.
CoreWeave's stock surged 13% recently, following the release of its first earnings report since its listing on the New York Stock Exchange (NYSE) in March. The report highlighted a remarkable 420% year-over-year revenue growth.