We recently published 10 Stocks Sparking Massive Fortunes. CoreWeave, Inc. (NASDAQ:CRWV) is one of the best performers on Friday.
CoreWeave saw its share prices jump by 20.8 percent week-on-week, as investors took heart from its subsidiary’s investment in an AI-powered software developer as part of its expansion plans into the rapidly growing industry.
In a statement, CoreWeave, Inc. (NASDAQ:CRWV) said its business unit, CoreWeave Ventures, participated in Jane Street’s seed investment round in the developer, Numerata, which aims to support developer productivity and reduce expensive errors using custom model training techniques and a low-latency autocomplete backend.
“CoreWeave Ventures backs founders who are redefining what’s possible in AI by connecting innovative capital with access to the CoreWeave AI Cloud,” said CoreWeave, Inc. (NASDAQ:CRWV) Chief Development Officer Brannin McBee.
“Numerata manifests the ambitious, technical vision we look for. They’re already turning powerful ideas into real breakthroughs,” he added.
Numerata’s product, NinetyFive, addresses a critical priority in software development by enabling developers to access and leverage AI-driven innovations while ensuring privacy and maintaining full control over proprietary codebases.
Compared with other cloud-based services, Numerata’s AI and machine learning deployments offer secure custom model training capabilities, allowing enterprises to train models on their private codebases and then deploy their trained, custom models for their developers to use.
While we acknowledge the potential of CRWV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
