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Why is CoreWeave stock surging 16% today

Source: invezz.com

Artificial IntelligenceTechnology & InnovationCompany Fundamentals
Why is CoreWeave stock surging 16% today

CoreWeave shares rose 16% Tuesday after OpenAI's new Astra model renewed investor focus on AI-computing demand. The AI cloud infrastructure provider has a $22.4 billion agreement to supply computing power to OpenAI, supporting visibility into its growing contracted demand base.

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