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Stock market: coreweave shares jump after it starts vc fund

STOCK MARKET: CoreWeave shares jump after it starts VC fund to invest in AI companies

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CoreWeave Inc. signage in Times Square in New York, US, on Friday, May 9, 2025.

Yuki Iwamura | Bloomberg | Getty Images

CoreWeave shares jumped Tuesday on news that the cloud infrastructure company, which was one of the hottest IPOs of the year, launched a venture fund to invest in artificial intelligence startups.

CoreWeave, considered the largest publicly traded ‘neocloud’ name, offers cloud computing services specifically for AI workloads, such as providing Nvidia GPUs and high-performance storage to companies.

Its newly announced “CoreWeave Ventures” fund will offer founders an array of capital investment models, provide access to the CoreWeave cloud platform, and give insights on product and go-to-market strategies based on CoreWeave’s existing partnerships, the company said in a press release.



The shares gained 6% in premarket trading.

“Our aim with CoreWeave Ventures is to give other audacious, like-minded founders the support they need to drive technical advancements and bring to market the next class of innovation,” Brannin McBee, CoreWeave co-founder and chief development officer, said in the release.

The company, which itself is backed by Nvidia, is the latest example of a tech giant turning to the growing world of startups in an effort to gain more exposure to early-stage AI innovation. AI startups in the first half of the year alone raised $104.3 billion in the U.S., nearly matching all of 2024.

The company went public at $40 a share in late March. The shares then rallied to a high of $187 a share in June as retail traders clamored for a new AI name besides Nvidia to invest in, but since pulled back and closed Monday at $93.55 a share.



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