Nvidia Stock Rises on Strong Earnings from CoreWeave and Nebius

• Nvidia stock jumped after the strong results by companies like CoreWeave and Nebius.
• The company owns large stakes in the two companies.
• There are signs that the data center build-up trend is gaining momentum.

Nvidia stock moved higher on Wednesday as strong earnings from CoreWeave and Nebius strengthened confidence in artificial intelligence infrastructure spending.

NVDA traded near $220 after rebounding about 16% from its July low near $190. Softer U.S. inflation data also supported technology shares during the session. July consumer prices rose 0.1% month over month, while core inflation increased 0.2%.

The larger Nvidia catalyst came from its AI infrastructure customers and investments. CoreWeave and Nebius reported rapid revenue growth while raising spending and capacity plans, supporting expectations for continued demand for Nvidia GPUs.

Nvidia stock rose after CoreWeave and Nebius published strong financial results, which demonstrated that the industry is doing well. CoreWeave stock jumped by 20%, while Nebius rose by over 18%.

In a statement, CoreWeave said that its revenue jumped to over $2.5 billion from the previous year’s $1.2 billion. It now expects that its annual revenue will be between $12.4 billion and $13.2 billion, with its capital expenditure rising between $35 billion and $39 billion.

Nebius also said that its business continued to grow, with the revenue rising by 454% to $582 million. Its six-month revenue soared by 530% to $981 million, with the management saying that it is seeing strong demand such that it can sell out 2027 today.

These numbers are important for Nvidia for two main reasons. First, Nvidia holds large stakes in the two companies. It holds a 9.3% stake in Nebius and an 11% one in CoreWeave. As such, a surge in their stocks will boost the value of Nvidia’s holdings.

Second, their strong numbers mean that the AI industry is doing well, as they all pledged to continue spending amid the AI boom. This means that Nvidia will continue to see demand for its GPUs in the coming months.

In addition to CoreWeave and Nebius, other top companies are also boosting their spending. Google plans to spend $205 billion in capital expenditure this year, while other big names like Meta Platforms, Amazon, and Microsoft are also continuing to spend.

Meanwhile, Nvidia is working with other top financial institutions to ensure that the AI spending continues. It has inked a $500 billion deal with companies like BlackRock, Goldman Sachs, and Brookfield to finance the AI data center build-up.

The company hopes that its clients will use this funding to buy more GPUs, servers, and CPUs, which will boost its revenue growth. According to the arrangement, Nvidia will not have credit risk in this arrangement. Instead, it will benefit from the orders it will receive from the arrangement.

Looking forward, the next important catalyst for the NVDA stock price will be the upcoming earnings, which will provide more color about its business.

Based on the earnings by top suppliers like Foxconn and Taiwan Semiconductor, and its clients like Microsoft, CoreWeave, and Nebius, the company is expected to report a strong quarterly report.

Analysts expect that its upcoming earnings will show that its revenue jumped by nearly 100% in the second quarter to $91.85 billion, while its third-quarter one will hit $103 billion.

In reality, Nvidia normally reports numbers that are better than estimates. As such, there is a likelihood that its Q2 revenue will jump to $95 billion, while its third-quarter figure will hit $106 billion.

Nvidia stock rebounded from its July double-bottom area near $189.72 and moved above resistance around $214.

That level previously capped advances during June and July. Holding above $214 would preserve the latest breakout structure and keep buyers focused on higher resistance.

NVDA also moved above its 50-day exponential moving average, supporting the short-term recovery.

The next technical area sits near $225. A sustained breakout could return attention to Nvidia’s previous record around $236–$237.

However, those levels remain conditional technical targets. A decline below $214 would weaken the breakout and return Nvidia stock toward its recent consolidation range.

CoreWeave and Nebius earnings provided fresh evidence that AI infrastructure demand remained strong. The larger test comes Aug. 26, when Nvidia reports whether that customer spending translated into another quarter of rapid revenue growth.

This article is for informational purposes only and does not constitute financial or investment advice. Equity markets can be volatile, and readers should conduct their own research before making investment decisions.

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