Nvidia declined to comment. It referred Barron’s to CoreWeave’s regulatory filings. CoreWeave is a pure play on AI. All of its revenue comes from cloud-based rentals of AI ser

CoreWeave is looking to spend $20 billion to $23 billion this year on AI infrastructure and data center capacity, the Nvidia-backed company said on Wednesday, as it aims to meet booming demand from clients,

The cloud provider posted a fivefold jump in revenue in its first earnings report as a public company, but warned that higher costs are expected to have a near-term effect on margins.