• Nvidia owned about $900 million worth of stock in AI infrastructure provider CoreWeave at the end of the first quarter, according to a filing published on Thursday.
• CoreWeave, which went public in March, was backed by Nvidia before its debut and sold more shares to the company in the IPO.
• CoreWeave shares have been volatile since the company's IPO, but they're up 28% this week.

After popping this week, CoreWeave shares are up about 65% since the company's IPO earlier this year. is a big beneficiary.

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Nvidia owned nearly $900 million worth of shares in CoreWeave at the end of March, according to a filing from the chipmaker on Thursday. Assuming Nvidia hasn't sold any shares since then, that stake is now worth close to $1.6 billion, as CoreWeave's stock has surged in the past month.

, which rents out access to Nvidia graphics processing units for training artificial intelligence models, on the Nasdaq in late March in the largest U.S. venture-backed tech IPO since 2021. Leading up to its debut, the company raised , including from key supplier Nvidia.

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At the time of CoreWeave's IPO , Nvidia owned 17.9 million shares shares for a stake worth around 5%. Nvidia now owns 24.2 million shares, Thursday's filing shows.

As CoreWeave courted investors in its roadshow, the company issued an expected pricing range for the IPO of $47 to $55 per share. But the market was jittery after an extended IPO drought. Nvidia stepped in, the deal at $40 per share with a $250 million order, C온라인카지노사이트 reported.

CoreWeave ultimately sold shares to investors at $40 each, raising $1.5 billion in the process. Mike Intrator, CoreWeave's CEO, told C온라인카지노사이트 just after the IPO that Nvidia is a "wonderful partner" and he called the relationship between the two companies "symbiotic."

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By Thursday, CoreWeave investors had seen substantial gains, with the stock closing at $65.77. The company late Wednesday 420% revenue growth from a year earlier, beating analysts' estimates, a sign that the AI boom is continuing.

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