CoreWeave Stock Is Bouncing Back Wednesday: What's Happening?

CoreWeave Inc CRWV shares are on watch Wednesday after the company announced that it became the first AI cloud provider to offer Nvidia RTX Pro 6000 Blackwell GPUs at scale.

What Happened: CoreWeave announced the general availability of Nvidia RTX Pro 6000 Blackwell server edition instances, offering up to 5.6x faster LLM inferencing and 3.5x faster text-to-video generation compared to the prior generation offering.

When combined with CoreWeave’s AI cloud platform, the new offering gives customers access to a cheaper alternative to larger GPU clusters for building and scaling AI applications.

“CoreWeave is built to move at the speed of innovation, and with the new RTX PRO 6000-based instances, we’re once again first to bring advanced AI and graphics technology to the cloud,” said Peter Salanki, co-Founder and chief technology officer of CoreWeave.

“This is a major step forward for customers building the future of AI, as it gives them the ability to optimize and scale on GPU instances that are ideal for their applications, and a testament to the speed and reliability of our AI cloud platform.”

CoreWeave shares are bouncing back Wednesday after trading lower to start the week after the company announced a $9 billion all-stock deal to acquire Core Scientific. The deal, which is anticipated to close in the fourth quarter, is expected to help CoreWeave verticalize its data center footprint.

How To Buy CRWV Stock

By now you're likely curious about how to participate in the market for CoreWeave – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

CRWV Price Action: CoreWeave shares were down 1.01% at $149.82 at the time of publication Wednesday, according to Benzinga Pro.

Read Next:

• Why CoreWeave’s $9 Billion Deal Isn’t About Chips

Photo: courtesy of CoreWeave.