Looking for the Next Palantir Stock? This New Artificial Intelligence (AI) Stock Is Up 150% in 2 Months
From Yahoo Finance: 2025-05-24 03:10:00
CoreWeave stock has surged 150% since its IPO in late March, offering GPU-accelerated cloud infrastructure for AI workloads. Despite triple-digit sales growth in Q1, interest payments led to negative non-GAAP earnings. AI is projected to add $19.9 trillion to the global economy by 2030, with Palantir Technologies seeing a 1,500% share price increase since 2023.
Many investors are eyeing AI opportunities, with Palantir Technologies experiencing revenue growth and CoreWeave being dubbed the “next Palantir” with its recent IPO success. CoreWeave’s GPU cloud infrastructure is highly rated, boasting early access to the latest Nvidia GPUs and stellar benchmark performance. The company reported significant first-quarter financial growth, but interest payments on debt led to a larger net loss than the previous year.
CoreWeave recently acquired AI developer platform Weights & Biases to enhance its offerings. While the company’s stock has soared, it trades at 18 times sales, making it a risky investment due to volatility. Investors should carefully consider the potential for extreme price fluctuations before buying shares. Stock Advisor’s top 10 list includes promising stocks, but CoreWeave was not among them, highlighting the unpredictability of AI investments.