This Nvidia-Backed Artificial Intelligence (AI) Infrastructure Stock Has Multiba

Nvidia invested $2 billion in neocloud infrastructure provider CoreWeave (NASDAQ: CRWV) in January this year to help the latter build artificial intelligence (AI) factories powered by its chips. That investment has appreciated 11% since then despite bouts of volatility.

However, it won't be surprising to see this AI stock jump higher in the future, as it plays an important role in the AI infrastructure ecosystem by building dedicated AI data centers. Let's look at the reasons why this fast-growing company could be an ideal addition to your portfolio right now.

Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »

Cloud computing giants such as Meta Platforms and Microsoft have been spending heavily on building AI data centers. Microsoft reported remaining performance obligations (RPO) of $627 billion in the previous quarter, nearly doubling year over year due to increasing demand for its AI services. Meta, on the other hand, is spending big on data center infrastr

Fuente original: Yahoo Finance (https://finance.yahoo.com/technology/ai/articles/nvidia-backed-artificial-intelligence-ai-204900204.html)