Latest news with #MLPerf
Yahoo
2 days ago
- Business
- Yahoo
CoreWeave Just Revealed the Largest-Ever Nvidia Blackwell GPU Cluster. Should You Buy CRWV Stock?
CoreWeave (CRWV) has steadily built a name for delivering a purpose-built cloud platform tailored to handle the heavy lifting of large-scale AI workloads with unwavering performance and reliability. As evidence of this, in early June, Coreweave announced record-shattering MLPerf Training v5.0 results using Nvidia's (NVDA) powerful GB200 Grace Blackwell chips. The 'Golden Era' for Tesla Starts June 22. Should You Buy TSLA Stock First? Wall Street Says Supermicro Stock Could Gain 60% in a Year 3 Highly-Rated Dividend Stocks You've Probably Never Heard Of (But Should) Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! A total of 2,496 Blackwell GPUs ran on CoreWeave's AI-optimized cloud, forming the largest-ever GB200 NVL72 cluster benchmarked under MLPerf. That figure stood 34 times larger than the only other cloud provider's submission, sending a strong message to the market about CoreWeave's scalability and dominance. In a space where performance speaks, these MLPerf results reinforce CoreWeave's standing as a serious force behind the infrastructure powering today's most demanding AI breakthroughs. Nestled in Livingston, New Jersey, CoreWeave (CRWV) is transforming the cloud computing world with a market cap now standing at $81.6 billion. From GPU and CPU compute to robust storage, high-speed networking, managed services, and servers, the company covers the entire spectrum of modern cloud needs. After making its public debut in March, CoreWeave has turned heads on Wall Street. Its shares have skyrocketed by nearly 112% in just one month, with a 13.6% leap in the past five days alone. This kind of performance signals conviction, both from the company and the market. At present, CRWV trades at 29.2 times sales, a figure that sits well above the broader industry average. While that premium might raise eyebrows, it also speaks volumes about investor belief in the firm's role as a frontrunner in AI infrastructure. On May 14, CoreWeave reported its Q1 2025 earnings. Revenue surged 420.3% year over year to $981.6 million, outpacing Wall Street's estimate of $852.3 million. Adjusted operating income climbed 549.6% to $162.6 million, while adjusted EBITDA also saw a 479.8% jump from the prior year's quarter, landing at $606.1 million. But the path to scale came with its setbacks. Adjusted net loss rose 534.8% to $149.6 million. Meanwhile, net loss per share widened 140.3% to $1.49, far higher than the $0.16 forecast by analysts. Still, the balance sheet showed strength, with total current assets increasing to $3.1 billion by quarter-end, up from $1.9 billion on Dec 31, 2024. Also, in a strong show of support, Nvidia has raised its post-IPO stake in CoreWeave to 7%. This vote of confidence from the chip giant has given investors reason to stay bullish, signaling belief in CoreWeave's role in the rapidly expanding AI infrastructure landscape. Management has also painted a bold picture for the road ahead. It has guided Q2 revenue between $1.06 billion and $1.1 billion, with adjusted operating income expected to range from $140 million to $170 million. CapEx for Q2 is projected between $3 billion and $3.5 billion, reflecting a strategy to accelerate platform investments and meet growing demand. Furthermore, CoreWeave expects full-year 2025 revenue between $4.9 billion and $5.1 billion, adjusted operating income of $800 million to $830 million, and CapEx ranging from $20 billion to $23 billion. The outlook accounts for the March contract with OpenAI, the $4 billion expansion with a large AI enterprise, and the added impact of Weights & Biases. Analysts expect the Q2 2025 loss per share to widen 100.1% year over year to $0.49. For the full fiscal year, loss per share is forecast to widen again by 100.2% to $2.14. However, 2026 could mark a turning point, with loss per share expected to narrow 73.8% to $0.56. While the company remains in the red for now, its aggressive positioning and deep entrenchment in the AI ecosystem suggest that CoreWeave could emerge as one of the biggest beneficiaries of the next wave of technological transformation. CRWV continues to hold its ground in the market with notable conviction, earning a 'Moderate Buy' consensus. Among the 19 analysts tracking the stock, five are all in with a 'Strong Buy,' one sides with a 'Moderate Buy,' while 12 are treading carefully with a 'Hold.' Only one voices a 'Strong Sell,' underscoring a cautious yet constructive stance. What is particularly striking is CRWV's current trading price, which is just 9% below its Street-high target of $185. On the date of publication, Aanchal Sugandh did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
07-06-2025
- Business
- Business Insider
M&A News: AMD Continues Buying Spree by Acquiring Untether AI's Engineering Team
Chipmaker AMD (AMD) has, for an undisclosed amount, acquired the engineering team from Untether AI, which is a Canadian startup known for developing energy-efficient AI inference chips for edge devices and data centers. According to CRN, the team will now focus on improving AMD's AI software, chip design, and system integration. Untether AI, which will no longer sell its speedAI chips or software, said it was proud of its innovations and looks forward to contributing to AMD. Confident Investing Starts Here: This acquisition follows AMD's recent purchase of compiler startup Brium, as part of its plan to better compete with Nvidia (NVDA). Interestingly, Untether AI's chips, built on an 'at-memory' architecture, had shown significant gains in performance and energy efficiency. Indeed, its speedAI240 Slim card, for example, delivered industry-leading results in MLPerf benchmarks while using less power than competing solutions. The card had already been adopted by companies like J-Squared Technologies and Ola-Krutrim, with the latter having also partnered with Untether to co-develop next-gen data center solutions. Furthermore, Untether AI had built partnerships with firms like Ampere Computing, Arm (ARM), and NeuReality. This was because its chips addressed a growing demand for AI processors that consume less power than traditional GPUs, which are straining modern data center power limits. Nevertheless, AMD will now integrate Untether's expertise into its product portfolio in order to help expand its AI capabilities across a wider range of markets. Is AMD a Buy, Sell, or Hold? Turning to Wall Street, analysts have a Moderate Buy consensus rating on AMD stock based on 22 Buys, 10 Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average AMD price target of $126.55 per share implies 8.9% upside potential.
Yahoo
06-06-2025
- Business
- Yahoo
Why CoreWeave, Inc. (CRWV) Skyrocketed Today
We recently published a list of . In this article, we are going to take a look at where CoreWeave, Inc. (NASDAQ:CRWV) stands against other Wednesday's best-performing stocks. CoreWeave rallied for a fourth consecutive day on Wednesday, jumping 8.39 percent to close at $163.10 apiece following the unveiling of record-breaking performance results using Nvidia Corp.'s latest Grace Blackwell chips. In a statement, CoreWeave, Inc. (NASDAQ:CRWV) said that it used 2,496 Nvidia GPUs on its AI-optimized cloud platform, making its submission the largest-ever benchmarked under MLPerf. A close-up of a digital cloud, signifying the expansive reach of the software-as-a-service solution. CoreWeave, Inc. (NASDAQ:CRWV) said that the test was 34x larger than the only other submission from a cloud provider. 'AI labs and enterprises choose CoreWeave because we deliver a purpose-built cloud platform with the scale, performance, and reliability that their workloads demand,' said CoreWeave, Inc. (NASDAQ:CRWV) Chief Technology Officer Peter Salanki. 'These MLPerf results reinforce our leadership in supporting today's most demanding AI workloads,' he added. The unveiling followed the company's new $7-billion deal with Applied Digital Corporation (NASDAQ:APLD), which covered two 15-year lease agreements, under which the latter will deliver 250 megawatts of critical IT load to host its artificial intelligence (AI) and high-performance computing (HPC) infrastructure at its Ellendale, North Dakota data center campus. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-06-2025
- Business
- Yahoo
Why CoreWeave, Inc. (CRWV) Skyrocketed Today
We recently published a list of . In this article, we are going to take a look at where CoreWeave, Inc. (NASDAQ:CRWV) stands against other Wednesday's best-performing stocks. CoreWeave rallied for a fourth consecutive day on Wednesday, jumping 8.39 percent to close at $163.10 apiece following the unveiling of record-breaking performance results using Nvidia Corp.'s latest Grace Blackwell chips. In a statement, CoreWeave, Inc. (NASDAQ:CRWV) said that it used 2,496 Nvidia GPUs on its AI-optimized cloud platform, making its submission the largest-ever benchmarked under MLPerf. A close-up of a digital cloud, signifying the expansive reach of the software-as-a-service solution. CoreWeave, Inc. (NASDAQ:CRWV) said that the test was 34x larger than the only other submission from a cloud provider. 'AI labs and enterprises choose CoreWeave because we deliver a purpose-built cloud platform with the scale, performance, and reliability that their workloads demand,' said CoreWeave, Inc. (NASDAQ:CRWV) Chief Technology Officer Peter Salanki. 'These MLPerf results reinforce our leadership in supporting today's most demanding AI workloads,' he added. The unveiling followed the company's new $7-billion deal with Applied Digital Corporation (NASDAQ:APLD), which covered two 15-year lease agreements, under which the latter will deliver 250 megawatts of critical IT load to host its artificial intelligence (AI) and high-performance computing (HPC) infrastructure at its Ellendale, North Dakota data center campus. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Business Wire
03-06-2025
- Business
- Business Wire
Literal Labs Raises £4.6M Pre-seed Round to Develop Energy-efficient Logic-based AI Worldwide
NEWCASTLE, England--(BUSINESS WIRE)-- Literal Labs, the logic-based AI algorithm company led by ex-Arm VP Noel Hurley, today announces that it has raised £4.6M ($6.2M USD) in pre-seed funding. The round is led by Northern Gritstone, the science and tech-focused investment firm from Northern England, and co-led by Mercuri, the London-based fund focused on companies at the intersection of media, entertainment and technology sectors, with participation from Sure Valley Ventures, Cambridge Future Tech SPV, and several angel investors. Literal Labs is pioneering logic-based AI models that are orders of magnitude faster, more energy efficient and more explainable than today's neural networks. Its approach is inspired by the work of Mikhail Tsetlin; a mathematician and contemporary of John Macarthy who pioneered neural networks. Like neural networks, the Tsetlin machine can perform complex machine learning training. However, unlike neural networks, it is based on propositional logic which makes it more efficient in terms of computation and energy usage, whilst speeding up inferencing. Recent MLPerf Anomaly detection benchmarking shows Literal Labs can achieve 54x faster inferencing than 'classic techniques' for machine learning applications, with 52x less energy consumption than equivalent neural networks. It also achieved 250x faster performance than XGBoost for machine learning applications. Literal Labs was spun out of Newcastle University by world leaders in logic-based AI, Dr. Alex Yakovlev and Dr. Rishad Shafik, along with company builder Cambridge Future Tech. Noel Hurley was later appointed CEO of Literal Labs in 2023, after having spent more than 20 years at Arm where he led its product marketing as well as its CPU division – which accounted for over 70% of revenue, totalling approximately $1bn. Literal Labs doubled its headcount from 6 to 12 in 2024, including appointing Leon Fedden – formerly AI Deep Learning platform lead at AstraZeneca – as Chief Technology Officer. The fresh injection of funding will be used to further grow its engineering team and bring its first commercial product to market later in 2025 for customers with EdgeAI who need to: Replace GPU-heavy algorithms which are too large, expensive or energy-intensive Operate in strict social or regulatory markets, in which explainability of AI is essential Have more efficient AI models for battery-based products Noel Hurley, CEO of Literal Labs, said: 'We're at a pivotal moment for AI with adoption continuing to accelerate alongside sustainability and cost concerns. Our logic-based AI offers a new solution for those that want and need high-performing AI that is faster, more energy efficient and more explainable than what's currently available via neural networks. This funding comes at a time when we're ready to significantly speed up our product development and will enable us to bring our first product to market later this year.' Duncan Johnson, CEO of Northern Gritstone, said: 'Literal Labs is Northern Gritstone's first investment linked to Newcastle University, renowned for its technology-related research. We are delighted to support Noel Hurley and the Literal Labs team at a time when innovation can truly benefit from greater efficiency in AI.' Esha Vatsa, Partner at Mercuri said: 'We are excited to back Literal Labs as it redefines AI with a radically efficient alternative to existing neural networks. The team, combining deep research expertise and proven industry leadership, is uniquely positioned to commercialise this innovation.' About Literal Labs Literal Labs is an AI algorithm company that uses logic-based techniques to generate custom AI models, which benchmarking studies have proven to be orders of magnitude faster, more energy-efficient and more explainable than neural networks. Its models are for companies that want to replace GPU-heavy algorithms that are too large, expensive and energy-intensive, for companies that operate in strict social or regulatory markets in which explainability of AI is essential, or for companies needing more efficient AI models for battery-based products. The company was spun out of Newcastle University by world leaders in logic-based AI, Dr. Alex Yakovlev and Dr. Rishad Shafik, and is led by former Arm CPU division VP and semiconductor startup founder, Noel Hurley. Read more at About Northern Gritstone Northern Gritstone is an investment company, dedicated to supporting ambitious science and technology businesses in the North of England. Its philosophy is 'profit with purpose' combining strong returns for investors with wider positive, societal and economic impact, including high-skilled job creation and regional growth. Active since May 2022, the company has made 37 investments to date in some of the UK's most exciting future businesses including semiconductor design and manufacturing; novel materials; secure computing; AI; healthtech; and gene therapies. Together with NG Innovation Services, Northern Gritstone offers 'Capital+++' connecting early-stage company founders with funding and expertise to scale their businesses. In April 2025, Northern Gritstone announced that it had raised further funding bringing its total committed capital to £362 million. About Mercuri Mercuri is an early-stage venture capital fund that leads pre-seed and seed funding rounds for UK technology companies. The firm is dedicated to backing outstanding entrepreneurs who are at the forefront of developing tech-driven products designed for the new age of enterprise and the digital lifestyle of the consumer. For more information, please go to:
