CoreWeave shares resume stunning rally

** CoreWeave's CRWV.O shares last up ~10% at $57.80 in fourth trading session early Weds, after art ificial intelligence startup's impressive rally on Tues

** CRWV shares rise 22.9% on the session to fresh high of $64.62 vs the $40 IPO price

** On Tues, CRWV shares soared ~42% in a stunning turnaround

** On Mon, Nvidia NVDA.O-backed firm's shares touched post-IPO low of $36 following flat finish on Fri after $1.5 bln IPO was slashed in size and priced well below range

** CRWV shares adding >$2 bln in market value on Weds to roughly $27 bln, based on ~464.1 mln shares outstanding cited in the SEC prospectus filing

** Livingston, New Jersey-based Coreweave provides access to data centers and high-powered Nvidia chips, which have become the most sought-after resource in the race to develop AI applications

** Nvidia, which had ~6% pre-IPO stake in CoreWeave, bought $250 mln worth of the offering's shares, Reuters reported last week

** NVDA shares down 1% on Weds

** Microsoft MSFT.O, CoreWeave's biggest customer, accounted for nearly two-thirds of co's $1.9 bln rev in 2024