Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.6%), Nasdaq Composite (+0.6%), and DJIA (+0.5%) are steadily moving higher this morning. The Russell 2000 (+0.2%) and S&P Mid Cap 400 (+0.2%) are off to a slower start but have moved higher from modest opening losses. 

In corporate news, CoreWeave (CRWV 105.20, +12.22, +13.14%) is soaring higher following an expansive partnership update with NVIDIA (NVDA 187.37, -0.30, -0.16%), marking a massive step forward in the global AI infrastructure race. NVIDIA has committed a $2.0 billion investment into Coreweave's common stock at a purchase price of $87.20 per share, signaling immense confidence in the cloud provider's growth strategy and its role as a cloud platform built specifically on NVIDIA infrastructure. The centerpiece of the collaboration is an accelerated plan to build out more than 5 gigawatts of AI factories by 2030 to meet the exponential global demand for compute.