CoreWeave stock jumps 8% as Nvidia invests $2 billion to expand AI data center capacity

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Shares of CoreWeave

popped 8% in premarket trading on Monday after Nvidia

announced it has invested $2 billion in the artificial intelligence infrastructure provider.

Nvidia purchased CoreWeave Class A common stock at $87.20 per share, according to a release. The share price is a discount from Friday’s closing price of $92.98.