David Tepper’s hedge fund Appaloosa Management has opened a new position in CoreWeave joining the growing group of institutional investors backing companies at the heart of the artificial intelligence infrastructure boom, according to a report by SimplyWallSt.
The investment gives CoreWeave another high-profile hedge fund shareholder as investors increasingly look beyond AI chip designers towards the cloud and data-centre infrastructure needed to support the rapid expansion of AI workloads.
Core...
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