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CoreWeave inks $6.5 billion deal with OpenAI

1. CoreWeave secured a $6.5 billion deal with OpenAI, totaling $22.5 billion. 2. The deal highlights trust in CoreWeave’s AI infrastructure capabilities. 3. CoreWeave's revenue significantly derives from Nvidia and Microsoft investments. 4. The company's share price recently surged due to a $6.3 billion Nvidia order. 5. CoreWeave went public in March, enhancing its market visibility and investor confidence.

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FAQ

Why Bullish?

The substantial contracts with OpenAI indicate strong growth potential similar to past AI service providers like Nvidia.

How important is it?

The announcement of significant contracts and relationships in AI underscores CoreWeave's promising future, likely influencing investor sentiment positively.

Why Long Term?

With long-term contracts in place, CoreWeave is positioned for sustained revenue growth akin to recurring revenue models.

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