CoreWeave showcases record-breaking AI capabilities with Nvidia Blackwell GPUs, positive.

From Yahoo Finance: 2025-06-21 10:00:00

CoreWeave (CRWV) showcases its cloud platform’s prowess with record-breaking MLPerf Training v5.0 results using Nvidia’s powerful GB200 Grace Blackwell chips. Running 2,496 Blackwell GPUs, CoreWeave’s AI-optimized cloud dominates the market, standing 34 times larger than its closest competitor, solidifying its position in AI infrastructure.

With a market cap of $81.6 billion, CoreWeave in Livingston, New Jersey, is making waves on Wall Street. Shares have surged by nearly 112% in a month, with a 13.6% increase in the past five days. Despite trading at 29.2 times sales, investor confidence in CoreWeave’s AI infrastructure role remains high.

CoreWeave’s Q1 2025 earnings report showed a 420.3% revenue increase year over year to $981.6 million, surpassing estimates. Adjusted operating income and EBITDA also saw significant jumps. While net losses widened, the company’s balance sheet strengthened, ending the quarter with $3.1 billion in current assets.

Nvidia increases its stake in CoreWeave to 7%, signaling strong support. Management projects robust revenue and operating income for Q2 and full-year 2025, highlighting strategic investments to meet escalating demand. Analysts forecast a Q2 loss per share widening but anticipate a turnaround in 2026 for CoreWeave.

Despite losses, CoreWeave is positioned for growth, with a “Moderate Buy” consensus from analysts. The stock trades just below its high target of $185, indicating positive sentiment. The company’s aggressive stance in the AI landscape suggests it could emerge as a key player in the next wave of technological advancements.

Read more: CoreWeave Just Revealed the Largest-Ever Nvidia Blackwell GPU Cluster. Should You Buy CRWV Stock?