CoreWeave, a company offering AI compute capacity, has seen soaring revenue growth and stock performance since going public in March, with the stock surging over 200%. The company recently signed billion-dollar deals with industry giants like OpenAI and Meta Platforms, showcasing strong demand for its services. CoreWeave operates in the GPU-as-a-service market, offering GPUs for rent specifically optimized for AI workloads. Nvidia holds a 7% stake in CoreWeave and has pledged to buy any unused capacity through 2032. The company’s revenue tripled to $1.2 billion in the latest quarter, but it is not yet profitable.

The expanded partnership with OpenAI to $22 billion and a $14.2 billion deal with Meta Platforms highlight the industry’s demand for CoreWeave’s services, particularly from AI leaders. Infrastructure spending is projected to reach into the trillions by the end of the decade, indicating potential for continued revenue growth. While CoreWeave may not be suitable for cautious investors due to lack of profitability, aggressive investors looking for high growth opportunities may find it appealing.

The Motley Fool Stock Advisor analyst team does not currently recommend CoreWeave as one of the top 10 stocks to buy now. However, historical performance of stocks recommended by the team has shown significant returns, outperforming the S&P 500. Investors looking for potential high-growth opportunities should keep an eye on CoreWeave as the AI industry continues to expand.

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