CoreWeave (NASDAQ: CRWV) is soaring after securing a $14 billion deal with Meta Platforms and expanding its agreement with OpenAI by $6.5 billion. The stock has surged nearly 34% in September. CoreWeave aims to dominate AI cloud computing, relying heavily on Nvidia’s GPUs for success. But is it a better buy than Nvidia?

CoreWeave’s revenue spiked by 207% to $1.2 billion in the last quarter, driven by massive deals with Meta and OpenAI. However, the company isn’t profitable and faces uncertainty once its contracts end, as clients like Meta and OpenAI may build out internal computing capacity. Nvidia, on the other hand, remains a strong player in the AI computing space.

Investing in CoreWeave right now is risky due to its lack of profitability and uncertain future in a booming market. The Motley Fool Stock Advisor team suggests looking at other high-potential stocks instead. Consider the historical success of stocks like Netflix and Nvidia when making investment decisions. 1. The stock market experienced a significant drop today, with the S&P 500 falling by 2.5% and the Dow Jones Industrial Average dropping by 600 points. This decrease is attributed to concerns over rising inflation rates and interest rates.

2. The unemployment rate has decreased to 5.8% in the latest report, with 559,000 jobs added in May. This marks a positive trend in the labor market as businesses continue to reopen and hire more workers.

3. In international news, tensions are escalating between Russia and Ukraine as Russia conducts military exercises near the border. The United States has expressed concern over the situation and called for a de-escalation of tensions.

4. The FDA has approved a new Alzheimer’s drug, marking the first new treatment for the disease in nearly two decades. However, the approval has sparked controversy among experts as some question the effectiveness and safety of the drug.

5. In sports news, the NBA playoffs are in full swing with several teams vying for a spot in the finals. The Brooklyn Nets and Los Angeles Lakers are among the top contenders, with fans eagerly awaiting the outcome of each game.

Read more at Nasdaq: Is CoreWeave a Better Investment Than Nvidia?