CoreWeave provides cloud computing resources tailored for GPU-accelerated workloads. It offers high-performance, pay-as-you-go access to NVIDIA GPU hardware hosted on bare-metal servers managed by Kubernetes, enabling tasks such as Generative AI, machine learning, LLM inference, VFX rendering, and pixel streaming. Users run GPU-intensive workloads on a fully managed, serverless Kubernetes platform without needing to own or manage the underlying hardware. The company differentiates itself by specializing in GPU workloads, offering a wide range of NVIDIA GPUs, and reducing operational burden through its bare-metal, Kubernetes-based infrastructure. CoreWeave’s goal is to deliver scalable, cost-efficient, high-performance infrastructure for AI, HPC, and digital content creation workloads.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Livingston, New Jersey
Founded
2017
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Jim Cramer expressed a preference for CoreWeave over Nebius on Mad Money, citing concerns about Nebius's recent price movement. The valuation gap between the two AI infrastructure companies is substantial. CoreWeave generated $2.575 billion in second-quarter revenue, up 112% year-over-year, compared with Nebius's $582.3 million, which grew 454%. CoreWeave reported approximately $104 billion in revenue backlog. Nebius trades at 46.30 times trailing sales and 47.03 times enterprise value to revenue. CoreWeave trades at 5.97 times sales and 12.38 times enterprise value to revenue, making Nebius's valuation multiples roughly four to seven times higher. Both companies face capital intensity challenges. CoreWeave carried $35.6 billion in total debt as of 30 June, whilst Nebius recorded $8.13 billion in property and equipment purchases during the first half. Hedge fund ownership increased for both companies in the second quarter.
CoreWeave has deployed Nvidia's Vera Rubin NVL72 systems in production for Cognition, marking a shift from demonstration to real customer workloads. Despite this technical milestone, CoreWeave shares fell 2.2% to $87.68 on Monday. According to CoreWeave's announcement, Cognition measured 4.8 times the total token throughput for SWE-2 inference and 3.8 times the output-token throughput for reinforcement-learning workloads compared to a GB200 NVL72 baseline. Cognition scaled from temporary capacity to thousands of GPUs in under nine months. However, the announcement leaves key financial questions unanswered, including rental pricing, utilisation rates, and deployment margins. CoreWeave's GF Score of 8 out of 100 indicates significant financial challenges remain despite its technical progress.
UBS backs CoreWeave (CRWV) with $120 target after back-to-back price hikes. Tldr. Table of Contents * Karl Keirstead from UBS, ranked #357 among 12,504 analysts, maintains a Buy recommendation with a $120 target on CoreWeave shares. * The AI infrastructure provider implemented a 25% GPU rate increase in July, followed by an additional 10% hike in subsequent months. * CoreWeave's committed revenue backlog approached $104 billion before incorporating over $25 billion in fresh Q3 contracts. * Analyst consensus leans toward Moderate Buy with a mean price target of $138.78, suggesting substantial appreciation potential. * Company insiders have divested over 6.4 million shares valued at approximately $557.7 million during the past three months. Shares of CoreWeave (CRWV) began trading Friday at $89.62, markedly below the stock's 52-week peak of $153.20. Yet the AI cloud infrastructure specialist has remained active, capturing attention from market analysts. Karl Keirstead, a five-star analyst at UBS who ranks #357 among 12,504 tracked professionals, holds a Buy stance with a $120 valuation target. His thesis rests on a straightforward observation: the company continues to increase pricing, and clients continue to accept the higher costs. In July, CoreWeave boosted its hourly billing rates for Nvidia GPU access by 25%. The firm then added another 10% to those rates during the following two to three months. Such pricing power is unusual in markets with robust competition. It indicates that access to AI computing resources remains scarce. According to CoreWeave, short-duration agreements executed during Q3 generated roughly $40 million in annual revenue per megawatt. This substantial figure underscores the persistent supply constraints in the sector. Massive revenue pipeline expands further. At the close of June, the company reported a committed revenue pipeline of approximately $104 billion. This total excluded more than $25 billion in additional customer agreements secured early in Q3. UBS analysts believe this upward pricing trajectory extends beyond CoreWeave. The investment bank anticipates similar dynamics throughout the AI infrastructure sector. The critical uncertainty involves whether companies can construct sufficient physical capacity to satisfy market demand. Community opposition to data center projects represents one obstacle, with local residents expressing concerns over energy usage and development impact. Keirstead notes that industry intelligence suggests well-capitalized operators can navigate these challenges. Capital requirements present a different challenge entirely, however. Constructing AI data centers demands enormous upfront investment before revenue generation begins. CoreWeave recently completed a $3.7 billion convertible note offering maturing in 2033, expanded from an initial $3 billion target, with a 2.875% coupon rate. The firm also established an at-the-market equity program permitting the sale of up to 35 million shares to enhance financial liquidity. Financial performance and price targets. CoreWeave released its most recent quarterly figures on August 11. The business reported a per-share loss of $1.14, surpassing the Wall Street consensus forecast of a $1.52 deficit. Total revenue reached $2.58 billion, representing 112% year-over-year expansion. Alongside this growth, CoreWeave recorded a negative return on equity of 47.95% and a net margin of negative 25.41%. Multiple Wall Street firms have issued updated views subsequently. Citigroup elevated its price objective to $159, JPMorgan upgraded the stock to overweight with a $125 target, and Wells Fargo increased its target to $160. The Street's overall rating stands at Moderate Buy, with a consensus price target of $138.78, derived from 23 Buy recommendations, nine Hold ratings, and three Sell calls. Meanwhile, company insiders have actively liquidated positions. Chief Executive Officer Michael Intrator divested 200,000 shares in July at $78.23 per share, while significant shareholder Magnetar Financial unloaded more than 307,000 shares in August. Combined, insiders have disposed of over 6.4 million shares totaling approximately $557.7 million over the trailing 90-day period. CoreWeave currently commands a market capitalization of $41.12 billion, while carrying a debt-to-equity ratio of 5.53. Limited Time Offer Get 3 free stock ebooks. Discover top-performing stocks in AI, Crypto, and Technology with expert analysis. * Top 10 AI Stocks - Leading AI companies * Top 10 Crypto Stocks - Blockchain leaders * Top 10 Tech Stocks - Tech giants
Ed Zitron warns that private credit funding AI data centres represents a "brewing crisis" as borrowing costs rise and project delays mount. His comments come as Amazon considers moving $8bn of Nvidia chips into an investor-funded vehicle, then leasing them back. Goldman Sachs tallies $88bn of lower-rated AI-related borrowing this year. CoreWeave reported $35.6bn of debt as of 30 June, having relied heavily on private credit including an $8.5bn facility anchored by Blackstone Credit & Insurance. Zitron argues that delays in getting data centres online increase interest costs, creating cash flow pressure. He notes that rising AI demand may worsen financing problems by requiring more compute and capital. Anthropic's draft IPO prospectus showed at least $518bn of infrastructure commitments over roughly the next decade.
CoreWeave (NASDAQ:CRWV) shares climb 1.4% - Here's why. CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) traded up 1.4% during mid-day trading on Wednesday. The stock traded as high as $89.72 and last traded at $87.12. 22,135,419 shares traded hands during mid-day trading, a decline of 22% from the average daily volume of 28,511,402 shares. The stock had previously closed at $85.93. Key headlines impacting CoreWeave. Here are the key news stories impacting CoreWeave this week: * CoreWeave introduced Forge, a unified AI-development environment, launched its Partner Network of validated technology integrations and expanded its platform with NVIDIA's Vera CPU and Vera Rubin NVL72 systems. These offerings could help CoreWeave attract enterprise customers and participate in emerging AI-agent workloads. * Cognition was identified as the first customer running production workloads on CoreWeave's NVIDIA Vera Rubin NVL72 platform, providing an early validation of the company's ability to deploy next-generation infrastructure at scale. CEO Michael Intrator also said tighter regulation may shift where data centers are built without reducing underlying demand for AI capacity. * William Blair initiated coverage with an Outperform rating, joining other bullish views that cite rapid AI adoption, premium pricing and rising revenue per gigawatt as potential growth drivers. * Recent comparisons with Nebius emphasize that both companies are growing quickly but must spend billions on data centers and equipment. The long-term opportunity is substantial, but investors are weighing growth against debt, leases and capital intensity. * CEO Michael Intrator disclosed sales totaling approximately 307,692 shares at an average price of $86.65. The transactions were made under a pre-arranged Rule 10b5-1 plan, reducing the signal's significance, but they nevertheless lowered his direct ownership and may weigh on sentiment. * Analysts remain cautious about CoreWeave's bond-market outlook and heavy leverage. A broader bearish argument warns that rapid expansion of AI-compute supply could pressure prices and returns, potentially undermining the economics of highly indebted neocloud operators. CoreWeave's shares have also declined substantially over the past year, highlighting elevated volatility. * A shareholder lawsuit notice adds a legal overhang, although the provided report does not establish the merits or likely financial impact of the case. Analysts set new price targets. CRWV has been the topic of a number of analyst reports. Truist Financial lifted their price target on CoreWeave from $155.00 to $165.00 and gave the stock a "buy" rating in a research note on Monday, August 24th. BTIG Research initiated coverage on CoreWeave in a report on Wednesday, July 22nd. They set a "buy" rating on the stock. JPMorgan Chase & Co. upgraded CoreWeave from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $120.00 to $125.00 in a research note on Thursday, September 24th. Raymond James Financial cut CoreWeave from a "moderate buy" rating to a "hold" rating in a report on Wednesday, July 22nd. Finally, Citigroup boosted their price objective on CoreWeave from $142.00 to $159.00 and gave the company a "buy" rating in a report on Friday, August 14th. Twenty-three equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, CoreWeave currently has a consensus rating of "Moderate Buy" and an average price target of $138.78. Discover more CoreWeave stock up 1.7%. The company has a market cap of $40.64 billion, a PE ratio of -24.27 and a beta of 7.34. The company has a debt-to-equity ratio of 5.53, a current ratio of 0.46 and a quick ratio of 0.46. The business's 50 day moving average is $86.70 and its 200-day moving average is $94.70. CoreWeave (NASDAQ:CRWV - Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The company reported ($1.14) EPS for the quarter, topping the consensus estimate of ($1.52) by $0.38. The business had revenue of $2.58 billion during the quarter. CoreWeave had a negative return on equity of 47.95% and a negative net margin of 25.41%.CoreWeave's revenue for the quarter was up 112.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.27) EPS. As a group, analysts predict that CoreWeave Inc. will post -5.2 EPS for the current year. Insider activity. In related news, CFO Nitin Agrawal sold 55,764 shares of the firm's stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of $86.83, for a total transaction of $4,841,988.12. Following the transaction, the chief financial officer owned 132,596 shares in the company, valued at $11,513,310.68. This trade represents a 29.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kristen Mcveety sold 97,500 shares of the firm's stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $93.94, for a total value of $9,159,150.00. Following the sale, the insider directly owned 123,313 shares of the company's stock, valued at approximately $11,584,023.22. This represents a 44.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 6,216,099 shares of company stock worth $540,052,348 over the last ninety days. Corporate insiders own 24.20% of the company's stock. Institutional investors weigh in on CoreWeave. Several hedge funds and other institutional investors have recently made changes to their positions in CRWV. Essential Partners LLC bought a new stake in CoreWeave in the 2nd quarter valued at $30,000. Peterson Wealth Services increased its position in shares of CoreWeave by 153.1% in the first quarter. Peterson Wealth Services now owns 405 shares of the company's stock valued at $31,000 after acquiring an additional 245 shares during the last quarter. Cassaday & Co Wealth Management LLC bought a new position in shares of CoreWeave in the 1st quarter valued at about $31,000. Burnham & Co LLC acquired a new position in shares of CoreWeave during the 2nd quarter worth approximately $32,000. Finally, Manchester Capital Management LLC boosted its holdings in shares of CoreWeave by 110.9% during the fourth quarter. Manchester Capital Management LLC now owns 485 shares of the company's stock worth $35,000 after acquiring an additional 255 shares during the period. About CoreWeave. CoreWeave, Inc is a specialized cloud computing provider focused on infrastructure for artificial intelligence, machine learning and other data-intensive workloads. The company offers access to accelerated computing resources, including graphics processing units (GPUs), alongside central processing units, high-performance storage, networking and data center capacity. Its platform supports AI model training, fine-tuning and inference, as well as visual effects, rendering, scientific computing and other demanding applications. Receive News & Ratings for CoreWeave Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoreWeave and related companies with MarketBeat.com's FREE daily email newsletter.