With all eyes on Nvidia’s (NVDA) first-quarter earnings, one under-the-radar AI stock has already gained momentum, surging 30% in the past five days. That company is CoreWeave, now Nvidia’s largest holding,

The chipmaker invested $3.2 billion in capital expenditures in fiscal 2025, expanding Blackwell accelerator production and AI infrastructure. Analysts expect first-quarter 2026 capex to hover around $800 million to $900 million quarterly to meet hyperscaler demand.

Following Nvidia's blockbuster Q1 earnings, Wall Street analysts are adjusting their price targets and outlooks for the AI chip giant.