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CoreWeave surges 25%, AI tech stocks rebound together…Nvidia also turns upward < General Industries < AI Industry < Article body - AI Times

May 31, 2022 | AI Times
CoreWeave surges 25%, AI tech stocks rebound together…Nvidia also turns upward < General Industries < AI Industry < Article body - AI Times
(Photo=Shutterstock) U.S. AI technology stocks, which had plunged amid concerns over debt burdens and the AI investment bubble, rebounded across the board following CoreWeave’s earnings release. Market unease eased as CoreWeave presented stronger-than-expected revenue growth and measures to raise funding, while Nvidia shares, which had plummeted amid controversy surrounding CEO Jensen Huang, returned to an upward trend. Reuters, Bloomberg and other outlets