Nvidia’s investment in CoreWeave has seen significant growth.

As of March, Nvidia owned nearly $900 million worth of CoreWeave shares. Given the recent surge in CoreWeave’s stock price, this stake is now valued at approximately $1.6 billion.

Here’s a breakdown ¹:

– Number of Shares: Nvidia owns 24.2 million shares of CoreWeave, up from 17.9 million shares initially.

– Initial Investment Value: The initial stake was worth around $900 million, representing about 5% of the company.

– Current Value: With CoreWeave’s stock price increase, Nvidia’s stake has appreciated to nearly $1.6 billion.

CoreWeave is a company that rents out access to Nvidia graphics processing units for training artificial intelligence models. The company’s stock has surged about 65% since its IPO earlier this year, with Nvidia playing a significant role in its growth ¹.