CoreWeave Jumps to Record After Nvidia Reports Larger Stake

CoreWeave Inc. shares surged 22% to a record high on Friday after Nvidia Corp. reported a larger-than-anticipated stake in the cloud-computing provider.

Nvidia, the world’s most valuable chipmaker, disclosed a holding of 24.18 million shares, or about 7% of outstanding stock, as of March 31. That stake, included in a 13G filing on Thursday, compared with a 5.2% figure in CoreWeave’s prospectus.