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,

Nvidia shareholders have been on a rollercoaster this year. The stock peaked at $153.13 early in 2025, before dropping to a 52-week low of $86.62 in April. The announced pause in U.S.-China tariffs and the first-quarter results have the share price back up to near $142.

Nvidia is slated to report fiscal first-quarter results after the market closes Wednesday, with Wall Street expecting another record quarter from the world's second-most valuable company.