CoreWeave (NASDAQ: CRWV) went public at $40 per share and now trades at nearly $100, impressing investors with its transition from Ethereum mining to AI tasks using Nvidia GPUs. Revenue surged from $16 million in 2022 to $1.9 billion in 2024, with expectations to hit $5.1 billion in 2025 and $19.5 billion by 2027.

The company operates 33 data centers, claiming to process AI tasks faster and cheaper than cloud platforms like Amazon Web Services and Microsoft Azure. With a market cap of $46.9 billion, CoreWeave’s stock could potentially double to $98 billion by 2027 if it meets analyst expectations, but challenges like reliance on Microsoft and potential debt issues remain.

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Read more at Nasdaq: Where Will CoreWeave (CRWV) Stock Be in 1 Year?