Gold prices steady ahead of Fed decision; weekly weakness noted
LIVINGSTON, N.J. - CoreWeave (NASDAQ:CRWV) has launched three new AI cloud software products and capabilities aimed at helping customers develop and deploy AI more efficiently, the company announced Wednesday at the Weights & Biases Fully Connected Conference.
The rollout represents the first software integration leveraging CoreWeave’s cloud services to power Weights & Biases following CoreWeave’s acquisition of the AI developer platform in May 2025.
The new offerings include Mission Control Integration, which allows AI engineers to correlate infrastructure events with training runs; W&B Inference, which provides access to open-source AI models through a single interface; and W&B Weave Online Evaluations, which offers real-time insights into AI agent performance.
"Today’s announcement demonstrates how CoreWeave and Weights & Biases together can accelerate and enable our customers to unleash the potential of AI," said Chen Goldberg, Senior Vice President of Engineering at CoreWeave, according to the press release.
Lukas Biewald, GM of Weights & Biases, stated that the integration delivers "metal-to-token observability and inference integrated with application level observability."
The three new products are currently available to customers in preview. CoreWeave describes itself as "the AI Hyperscaler" and operates data centers across the US and Europe.
The company was ranked on the TIME100 most influential companies list and featured on Forbes Cloud 100 ranking in 2024, according to information provided in the company’s statement. With the stock trading near its 52-week high of $175.38, InvestingPro analysis suggests the company may be overvalued at current levels, though subscribers can access 18 additional exclusive ProTips and detailed valuation metrics to make informed investment decisions.
In other recent news, CoreWeave has been a focal point of discussion among analysts and investors. The company was downgraded by BofA Securities from Buy to Neutral, despite a price target increase to $185, due to valuation concerns after a 145% surge in its stock following first-quarter results. BofA highlighted CoreWeave’s new customer addition, expanded OpenAI agreement, and favorable debt terms as positive developments. Citizens JMP maintained a Market Perform rating, noting the stock’s significant price increase since its IPO and the need for greater clarity on its economic framework. DA Davidson reiterated an Underperform rating, citing concerns about CoreWeave’s financing structure and profitability, with a price target of $36. The firm expressed skepticism about projected shareholder returns and highlighted potential issues with the company’s asset value assumptions. In a separate development, CoreWeave sold its entire stake in Applied Digital Corp., leading to a notable drop in the latter’s shares. Meanwhile, CoreWeave’s stock has been under pressure from short sellers, with significant losses reported as the stock price continues to rise.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.