CoreWeave's Explosive Growth: From Crypto Miner to AI Infrastructure Powerhouse

CoreWeave Is 'Frightening... It's Unbelievable,' Says Expert, Expecting Its Revenue To Multiply Nearly 5x By 2028 - CoreWeave (NASDAQ:CRWV)

Specialist AI cloud provider CoreWeave Inc. (NASDAQ:CRWV) is on a "frightening" growth trajectory, with revenue projected to scale to "mid-$20s billion" by 2028, according to a leading digital infrastructure analyst. This forecast suggests its revenue could multiply "nearly 5x" from its 2025 projection of $5.3 billion. Check out CRWV's stock price here. CoreWeave Could Scale Mid-$20 Billion In Revenue By 2028 The "unbelievable" forecast was shared by Nick Del Deo, an analyst at MoffettNathanson, on a recent episode of "The Real Eisman Playbook" podcast. The discussion highlighted CoreWeave's explosive emergence as a critical infrastructure player in the artificial intelligence boom. To put the company's meteoric rise in context, Del Deo noted that CoreWeave's total revenue in 2022 was approximately "$16 million." The leap from that figure to a projected $5.3 billion in 2025, and then to a potential "mid-20s billion" by 2028, underscores the unprecedented demand for its services. "It's frightening. It's unbelievable," remarked the experts on the show. See Also: CoreWeave Turns $50 Million Convertible Notes Into $12.5 Billion AI Jackpot For This Hedge Fund From 'Crypto Miner' To AI Powerhouse: In The Same League As AT&T, Walmart Del Deo noted that CRWV began as a crypto miner around 2017, and it has since pivoted to become a key partner for major AI players. It has "exclusively leased its facilities" and fills them with specialized GPU equipment, attracting massive customers like Microsoft Corp. (NASDAQ:MSFT), which currently accounts for 70% of its business, and OpenAI. The scale of this build-out requires a level of spending Del Deo called "astronomical," with a projected capital expenditure of "$21 to $23 billion" this year alone. "In just a handful of years, their capital budget is in the same league as AT&T, Walmart, Exxon Mobil," Del Deo stated, emphasizing the sheer scale of the operation. "There's nothing else like CoreWeave out there." Big Tech's Proprietary Businesses Could Wrestle CRWV Despite the massive opportunity, Del Deo cautioned that CoreWeave faces future competition from the "big battleship businesses" of cloud computing, such as Amazon.com Inc. (NASDAQ:AMZN), Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOOGL) Google, and Microsoft itself. He suggested that as chip constraints ease, these incumbents will become "more effective" in the space, which could eventually "put some pressure on CoreWeave's returns over time." CRWV Logs Astronomical Returns Since Listing Shares of CRWV have returned 203.83% since its listing in March. However, it was down 7.15% over the last month. It maintains a stronger price trend over short and long terms, with a poor trend in the medium term. Additional performance details, as per Benzinga's Edge Stock Rankings, are available here. On Thursday, the futures of the S&P 500, Dow Jones, and Nasdaq 100 indices were trading in a mixed manner Meanwhile, on Wednesday, the S&P 500 index ended 0.53% lower at 6,699.40, whereas the Nasdaq 100 index fell 0.99% to 24,879.01. On the other hand, Dow Jones declined 0.71% to end at 46,590.41. Read Next: CoreWeave Is A 'Debt-Fueled GPU Rental Business,' Says Kerrisdale, Shorting CRWV Amid Criticisms Of Valuation-Boosting 'Circle Jerk' With Nvidia Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga Photo courtesy: T.-Schneider / Shutterstock CRWVCoreWeave Inc$122.070.44%OverviewAMZNAmazon.com Inc$219.320.63%GOOGAlphabet Inc$254.060.61%MSFTMicrosoft Corp$521.910.26%Market News and Data brought to you by Benzinga APIs

CoreWeave's Next Act: Where the Growth Will Come From | The Motley Fool

CoreWeave is evolving into a full-stack artificial intelligence (AI) infrastructure company, and it's not stopping anytime soon. CoreWeave (CRWV 2.74%) has become one of the fastest-growing companies in the artificial intelligence (AI) infrastructure race. In just a few years, it has gone from a niche GPU cloud provider to a critical player powering the compute backbone for companies like OpenAI, Microsoft, and Meta Platforms. But as the AI boom enters its next phase, investors are asking: Where will CoreWeave's growth come from next? Here are three essential levers that the company can pull to keep growth coming and help it evolve from a GPU supplier into a long-term AI infrastructure platform. CoreWeave's most immediate growth opportunity lies in expanding workloads from the customers it already serves. Many of its largest clients -- including OpenAI, Microsoft, and Meta -- are scaling AI usage across training and inference at a staggering pace. For CoreWeave, that means the potential to grow "inside" these accounts, even without adding new logos. Once the cloud company builds and configures GPU clusters for a client, scaling additional capacity becomes far more efficient. The infrastructure, tooling, and service integrations are already in place -- turning each existing customer into a multiyear growth engine. This dynamic is evident in the company's revenue backlog, which hit $30.1 billion as of June 30, reflecting contracted compute commitments and multiyear take-or-pay agreements. Comparatively, revenue in that quarter was $1.2 billion, suggesting revenue will scale even faster in the future. In fact, the cloud company signed another agreement with OpenAI on Sept. 25, bringing the total contract value with the latter to $22.4 billion. As AI workloads become larger and more continuous, CoreWeave is positioned to capture that compounding demand from the very customers driving the AI revolution. So far, that trend shows no signs of slowing. The second major growth vector comes from broadening CoreWeave's customer base beyond AI labs and hyperscalers. So far, much of its revenue has been concentrated in a handful of AI training workloads. But the next wave of adoption is coming from industries that are just beginning to deploy large-scale compute -- from financial modelling and pharmaceutical research to gaming, design, and industrial simulation. As generative AI applications proliferate, more enterprises will need access to high-performance GPU clusters -- without building data centers from scratch. This AI compute is CoreWeave's sweet spot. Its model allows it to provision GPU compute on demand, with lower latency and often better price-performance ratios than the hyperscalers. While most of CoreWeave's revenue still comes from AI labs and hyperscalers, it is also making progress in expanding into new verticals. For instance, it announced that it would acquire Monolith AI, a pioneer in applying artificial intelligence and machine learning to solve complex physics and engineering challenges. This acquisition will allow CoreWeave to offer a full-stack platform for industrial and manufacturing enterprises. If CoreWeave can replicate its success with OpenAI in just a few of these industries, the growth runway could extend for many years into the future. Another transformative pillar of CoreWeave's growth strategy is vertical integration -- controlling more of the physical and operational infrastructure that underpins its cloud. The company's planned acquisition of Core Scientific, a large data-center and power operator, marks a significant step in that direction. The deal gives CoreWeave direct control over critical bottlenecks such as energy and data center capacity. Owning this layer reduces dependency on third-party hosting providers and mitigates the risk of power shortages or cost spikes. It also allows CoreWeave to expand faster and with better long-term economics: Every dollar of capital expenditures (capex) spent now builds durable assets that can serve multiple generations of GPUs. Beyond physical infrastructure, CoreWeave is investing in orchestration software and automation tools to maximize GPU utilization. By controlling both the hardware and software layers, it can improve efficiency, reduce idle time, and ultimately enhance margins. In short, vertical integration isn't just about scale, but also sustainability. It gives CoreWeave the control and resilience it needs to keep growing through the next decade of AI expansion. CoreWeave is riding on one of the biggest trends in decades -- and is smartly taking advantage of it. By deepening relationships with its anchor clients, expanding into new verticals, and owning more of the stack, CoreWeave is building a foundation that could support exponential revenue growth for years. For investors, that makes CoreWeave a fascinating growth stock to watch -- and potentially, an investment opportunity.

Magnetar Financial sells CoreWeave (CRWV) stock worth $6.04 million By Investing.com

Magnetar Financial LLC, along with affiliated entities, reported selling shares of CoreWeave, Inc. NASDAQ:CRWV Class A Common Stock on October 20, 2025. The sales amounted to a total of $6.04 million, with prices ranging from $135.59 to $138.26. CoreWeave , currently valued at $64.8 billion, has seen its stock surge 242% year-to-date, though InvestingPro analysis indicates the stock is trading above its Fair Value. The transactions involved multiple entities including CW Opportunity LLC, CW Opportunity 2 LP, Magnetar Capital Master Fund, Ltd, Magnetar Constellation Master Fund, Ltd, Magnetar Longhorn Fund LP, Magnetar SC Fund Ltd, Magnetar Xing He Master Fund Ltd, Purpose Alternative Credit Fund - F LLC, Purpose Alternative Credit Fund - T LLC, and Longhorn Special Opportunities Fund LP, the general partner of Magnetar Structured Credit Fund, LP and the manager of Magnetar Alpha Star Fund LLC and Magnetar Lake Credit Fund LLC. Magnetar Financial LLC serves as the investment advisor to these Magnetar Funds. Magnetar Capital Partners LP is the sole member and parent holding company of Magnetar Financial. Supernova Management LLC is the general partner of Magnetar Capital Partners. David J. Snyderman is the administrative manager of Supernova Management. Magnetar Financial LLC, Magnetar Capital Partners LP, Supernova Management LLC and David J. Snyderman disclaimed beneficial ownership of these shares. In other recent news, CoreWeave announced the appointment of Jon Jones as its first Chief Revenue Officer. Jones brings over two decades of experience in technology leadership roles, including his previous position as Global Head of Startups and Venture Capital at Amazon. In another development, CoreWeave secured a significant partnership with Poolside to provide over 40,000 GPUs under Nvidia systems. Evercore ISI estimates that this partnership could potentially add around $5 billion to CoreWeave's backlog. Furthermore, CoreWeave is partnering with AI startup Poolside to build a large data center complex in West Texas, known as "Horizon," which will leverage natural gas to power the facility. Additionally, CoreWeave launched Serverless RL, a fully managed reinforcement learning capability for AI agent training, which offers faster training times and reduced costs. This new service aims to simplify AI training by allowing developers to scale reinforcement learning across multiple GPUs with minimal setup. The launch of Serverless RL marks CoreWeave's first collaboration with recently acquired OpenPipe. These developments reflect CoreWeave's ongoing efforts to expand its capabilities and partnerships in the AI infrastructure space. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.