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LIVINGSTON, N.J. - CoreWeave, in partnership with NVIDIA and IBM, has set a new benchmark in machine learning performance, according to a press release statement. The company, now valued at over $72 billion, has seen its stock surge 276% in the past six months amid growing AI infrastructure demand. The company’s recent MLPerf Training v5.0 submission, which utilized 2,496 NVIDIA Blackwell GPUs, is the largest of its kind to date and marks a significant advance in AI workload capabilities.InvestingPro analysis indicates the stock is trading near its 52-week high, with analysts anticipating significant sales growth this year.
The benchmarking, conducted on CoreWeave’s AI-optimized cloud platform, featured the NVIDIA GB200 NVL72 cluster, which is 34 times larger than the next closest submission from a cloud provider. CoreWeave’s submission focused on the Llama 3.1 405B foundational model, completing the training run in a swift 27.3 minutes. This performance is more than double the speed of similar-sized clusters from other participants, underscoring the efficiency of the GB200 NVL72 architecture and CoreWeave’s infrastructure.
Peter Salanki, Chief Technology Officer and Co-founder of CoreWeave, emphasized the company’s commitment to delivering a cloud platform that meets the scale, performance, and reliability demanded by AI labs and enterprises. The MLPerf results serve to reinforce CoreWeave’s position in the AI infrastructure space.
For CoreWeave customers, these developments translate to faster model development cycles and optimized total cost of ownership, allowing for more efficient scaling of workloads and cost-effective training and deployment of models. CoreWeave’s leading submissions in both MLPerf Inference v5.0 and Training v5.0 benchmarks, combined with its Platinum tier ranking in SemiAnalysis’ ClusterMAX, demonstrate its leadership in AI infrastructure performance.
CoreWeave, established in 2017, operates data centers across the United States and Europe. The company has been recognized as one of TIME100’s most influential companies and was featured on Forbes Cloud 100 ranking in 2024. The MLPerf benchmarks are a set of industry-standard tests that measure the performance of machine learning hardware, software, and services.
The information in this article is based on a press release statement and has not been independently verified.
In other recent news, CoreWeave announced the completion of a $2 billion senior notes offering, with the proceeds intended for general corporate purposes, including debt repayment. This financial move marks a significant step in the company’s efforts to strengthen its capital structure. Additionally, CoreWeave has entered a substantial agreement with Applied Digital, securing 250 megawatts of power and data center space, which is expected to support new high-performance computing workloads. This agreement is part of CoreWeave’s ongoing strategy to expand its infrastructure capabilities and meet the growing demand for AI applications.
Barclays analysts maintained an Equalweight rating on CoreWeave, highlighting the company’s increased contracted power, which now approaches 2 gigawatts. MoffettNathanson also updated its outlook, raising the price target to $56 while maintaining a Neutral stance, citing potential downside risks despite the recent share price increase. In leadership news, CoreWeave appointed Ernie Rogers as Chief Architect of Strategic Financing, a move aimed at enhancing its financial and operational capabilities. These developments underscore CoreWeave’s strategic efforts to bolster its market position and operational capacity.
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