Overview

• The new CoreWeave Ventures will back AI startups with funding, access to its AI-optimized cloud and technical guidance, including options such as compute-for-equity agreements.
• Chief development officer Brannin McBee said the company has already invested in nine early-stage firms this year and can write checks up to nine figures.
• Shares jumped 16.9% on Wednesday to cap a four-day run, extending a stretch of sharp post-IPO volatility.
• Oracle’s bullish cloud outlook and Microsoft’s $17.4 billion commitment to Nebius boosted sentiment across AI infrastructure names, aiding CoreWeave’s move.
• Freedom Capital Markets raised its price target on CoreWeave to $430 and shifted its rating to hold from sell following the latest announcements.