CoreWeave (NASDAQ: CRWV) had the biggest IPO of the year but was undersubscribed and priced lower than intended. Nvidia had to help rescue the offering. The stock opened down from its $40 IPO price but surged to $188 before a recent pullback, still trading at over triple its IPO price.

CoreWeave provides generative AI-focused cloud computing infrastructure and has key partnerships with big tech companies like Microsoft, Meta Platforms, Alphabet, IBM, and Nvidia. Revenue in the first quarter jumped 420% to $981.6 million, showing strong growth potential in the AI cloud infrastructure market.

While CoreWeave’s stock is risky and valuing it is challenging, the company has significant upside potential even after tripling from its IPO price. The Motley Fool’s Stock Advisor team did not include it in their top 10 stocks, but CoreWeave’s growth in the AI market could lead to substantial returns for investors in the future.

Read more at Nasdaq: This Artificial Intelligence (AI) Stock Has Big Tech Partnerships and Big Potential