CoreWeave, Inc. (CRWV.US), often referred to as "NVIDIA's favored partner," saw its shares rise more than 10% in early trading on Wednesday, reaching $82.43. The move follows NVIDIA's announcement on March 11 of a $2 billion investment in Nebius for the development and construction of artificial intelligence data centers, with reference to a similar prior investment in CoreWeave, reinforcing expectations for strong AI infrastructure demand. Additionally, on March 10, NVIDIA CEO Jensen Huang published a rare personal article systematically outlining the logic behind AI industry development. He stated that AI is not just about models or applications, but is akin to foundational infrastructure like electricity or the internet. Huang described the AI industry as a "five-layer cake" of infrastructure—energy, chips, infrastructure, models, and applications—and judged that global AI infrastructure construction is still in its early stages, with current investments totaling only hundreds of billions of dollars, while trillions more will be needed in the future.