CoreWeave (CRWV) stock rose 6.5% Thursday morning on the heels of a shoutout from Nvidia.
During Nvidia's (NVDA) second quarter earnings call, CFO Colette Kress highlighted CoreWeave as an early adopter of its next generation Blackwell Ultra GB300 AI servers.
Kress said, "We expect widespread market availability in the second half of the year as CoreWeave prepares to bring their GB300 instance to market..."
CoreWeave's boost also came after commentary from CFO Nitin Agrawal to Deutsche Bank (DB) analyst Brad Zelnick during a presentation at the investment bank's tech conference Wednesday.
"CoreWeave is well positioned both from a technology execution as well as from a financing strategy standpoint to take advantage of the hyper growth that's happening in the AI space," Agrawal said, noting that the company has signed expansion contracts with its "hyperscaler" customers "in the last 8 weeks or so."
Still, skeptics on Wall Street say CoreWeave's mounting debt and its business model are risky.
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