Nvidia has shown its support for CoreWeave.
Investors have found another way to bet on the success of artificial intelligence (AI) powerhouse Nvidia ( NVDA 0.57% ) , and that's been through buying shares of CoreWeave ( CRWV -2.67% ) . This new-to-the-market tech company -- it completed its initial public offering (IPO) in March -- offers customers access to a huge fleet of Nvidia's top-performing AI chips, and this has helped its revenue soar. Nvidia has shown that it's a believer in CoreWeave's potential too, as the company has invested in CoreWeave stock. In fact, Nvidia holds $3.96 billion in CoreWeave shares, making this the top holding in the chip designer's stocks portfolio.
All of this helped CoreWeave's shares climb more than 350% from their IPO in March through a