CoreWeave's Meteoric Rise: AI Infrastructure Company Soars Amid Strategic Partnerships and Strong Financials

CoreWeave Surges Past Analyst Targets as Citi Doubles Theirs

CoreWeave Inc.'s rally is running so hot it's leaving analysts' stock predictions in the dust. Citi Research more than doubled their 12-month price target on the stock to a Wall Street high Wednesday morning. When the market opened shares blew past it in the first 15 minutes of trading. Marquee partnerships, optimistic revenue outlook and a renewed enthusiasm for all things artificial intelligence have driven CoreWeave to all-time highs, bucking some critical reviews from Wall Street. Gains are stretching into the fourth-consecutive session, on track for another record, while the stock has more than doubled from a late March initial public offering at $40 a share.

CoreWeave Bulls Face Off Against Short Sellers as Shares Spike

CoreWeave Inc. shares have been on a tear as investors snap up the stock despite widespread concerns about elevated debt levels, the rate of cash-burn and the long-term demand for the cloud-computing services it provides. The shares have more than doubled in price in May after CoreWeave reported a deal with OpenAI worth as much as $4 billion to rent out computing power to process artificial intelligence demands. Meanwhile, CoreWeave's first earnings report this month showed solid revenue growth and customers like Microsoft Corp. have recently pledged to keep spending heavily on AI computing.

Why Nvidia-Backed CoreWeave's Stock Popped 19% Wednesday

CoreWeave (CRWV) shares soared 19% Wednesday after the company announced an upsized $2 billion debt offering. The Nvidia (NVDA)-backed cloud computing company's offering consisted of senior notes with a 9.25% interest rate due in 2030, according to a statement, and was $500 million larger than CoreWeave initially planned. The company reportedly told CNBC that the deal was five times oversubscribed. CoreWeave said it intends to use proceeds from the offering to repay existing debt, among other corporate purposes. The news comes after CoreWeave last week posted first-quarter revenue that grew more than 400% year-over-year. It was the company's first quarterly report since its initial public offering. CoreWeave makes money by providing its clients with access to data centers, which are used to develop artificial intelligence models. The company's data centers are equipped with highly coveted chips from Nvidia, which held a roughly 7% stake in CoreWeave as of the end of March, a filing last week showed.

Nvidia-Backed CoreWeave Stock Soared More Than 50% Last Week -- Watch These Key Levels

Investors should watch key support levels on CoreWeave's chart around $73 and $57. CoreWeave (CRWV) shares soared last week after the AI cloud provider posted a surge in quarterly revenue and disclosed that Nvidia (NVDA) has a higher stake in the company than investors had anticipated. CoreWeave, which went public in late March, reported Wednesday that first-quarter revenue grew over 400% year-over-year and said via a regulatory filing on Thursday that major partner Nvidia holds a 7% stake in the company, up from its pre-initial public offering holdings of roughly 5%. The company also said last week that it had agreed to a four-year deal with ChatGPT maker OpenAI worth up to $4 billion, adding to a nearly $12 billion commitment announced in March. CoreWeave shares have more than doubled from their $40 IPO price, boosted by last week's news and investor appetite for up-and-coming generative AI plays that are scaling to meet the technology's widespread demand. The stock gained 56% last week alone, closing Friday's session at $80.30. Below, we break down the technicals on CoreWeave's hourly chart and point out key price levels that investors will likely be watching out for. CoreWeave shares forged a cup and handle pattern on the chart between late April and early May before breaking out above the formation's top trendline last week. Importantly, the move higher has occurred on above-average trading volume, indicating conviction from larger market participants behind the buying. Moreover, the relative strength index confirms bullish price momentum with an elevated reading, though the indicator fell below the overbought threshold on Friday, suggesting minor profit-taking ahead of the weekend. Let's apply technical analysis to identify a potential upside price target to watch if CoreWeave shares continue to rally and also identify several key support levels worth monitoring during pullbacks. Investors can project a potential upside price target by using the measuring principle, a technique that analyzes prior price action to forecast future moves. When applying the tool to CoreWeave's chart, we calculate the percentage change of the cup and handle's "cup" and add it to the pattern's top trendline value. For example, we apply a 70% increase to $57, which projects a target of $96.90, about 20% above Friday's closing price. The first lower level on the chart to monitor sits around $73. Investors looking for retracement entry opportunities may place buy limit orders in this location near Thursday's high. Finally, a deeper pullback in CoreWeave shares could see the price revisit key lower support around $57. This area would likely attract buying interest near the cup and handle's top trendline, which may flip from a region of prior resistance into a location of future support. The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our warranty and liability disclaimer for more info.

CoreWeave (CRWV) Stock Hits All-Time High Amid AI Momentum, Strategic Deals - CoreWeave (NASDAQ:CRWV), NVIDIA (NASDAQ:NVDA)

Shares of CoreWeave Inc CRWV rose 5.6% to $113.70 Thursday afternoon, hitting an all-time high of $116.54 earlier in the session. The AI infrastructure company has surged since going public in March, driven by strong earnings, major partnerships and analyst rating updates. Shares are up roughly 194% over the past month. What To Know: Investor enthusiasm has spiked after CoreWeave's first-quarter revenue came in at $981.6 million, a 420% year-over-year increase and well above estimates. CoreWeave additionally has guided for $4.9 billion to $5.1 billion in full-year revenue. The company has also disclosed a strategic deal with OpenAI, contributing to an $11.2 billion revenue backlog. OpenAI committed up to $4 billion through April 2029 for access to CoreWeave's cloud computing services. Read Also: Strategy Stock Rises On $2.1B Preferred Stock Offering, Bitcoin All-Time High Adding to the momentum, NVIDIA Corp NVDA recently revealed a 24.18 million-share stake in CoreWeave, fueling speculation and investor interest. The company also announced a $2 billion senior notes offering due in 2030, upsized from an initial $1.5 billion. Despite mixed analyst ratings, including a Neutral from Citigroup, price targets have climbed as high as $94. Needham reiterated a Buy rating on CoreWeave with a $55 price target, citing strong first-quarter results, raised full-year guidance, and accelerating demand for AI infrastructure. Needham highlighted the company's effective strategy in securing GPUs and data center power, suggesting the market may be underestimating the long-term value of CoreWeave's infrastructure investments. Read Also: Big Tax Cuts, Big Deficits: Wall Street Winners And Losers Emerge How To Buy CRWV Stock Besides going to a brokerage platform to purchase a share - or fractional share - of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. For example, in CoreWeave's case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment. According to data from Benzinga Pro, CRWV has a 52-week high of $116.54 and a 52-week low of $33.52. Photo: Shutterstock CRWVCoreWeave Inc$113.765.93%Stock Score Locked: Edge Members Only Benzinga Rankings give you vital metrics on any stock - anytime. Unlock RankingsEdge RankingsMomentum-Growth-Quality-Value12.86Price TrendShortMediumLongOverviewNVDANVIDIA Corp$133.401.21%Market News and Data brought to you by Benzinga APIs

CoreWeave (CRWV) Stock Is Up 42% Over The Past Week: What's Going On? - CoreWeave (NASDAQ:CRWV)

CoreWeave Inc CRWV is trading slightly higher Monday, up 1.4% to $81.44, after a record-setting week that saw shares soar nearly 25% on Friday to an all-time high of $84.00. The Nvidia-backed AI cloud infrastructure company gained 45% over the past week, driven by a series of bullish developments. What To Know: Investor excitement surged following a 13F filing showing Nvidia's major stake of over 24 million shares. Analysts from JPMorgan, BofA and Needham raised their price targets, with some topping $76. Read Also: Quantum Computing Shares Slide Monday Despite Q1 Earnings Beat: What's Going On? Adding to the momentum, CoreWeave reported first-quarter revenue of $981.6 million, a 420% year-over-year increase, far exceeding expectations. It also disclosed a $25.9 billion backlog and OpenAI contracts worth up to $4 billion through 2029. Despite a 60 cent per-share loss and plans for up to $23 billion in 2025 capital expenditures, the company raised its full-year revenue outlook to $5.1 billion. On Monday, CoreWeave announced a $1.5 billion private offering of senior notes due 2030. Proceeds will support general corporate purposes, including debt repayment. CoreWeave, which went public at $40 in March, has more than doubled in value, solidifying its position among key AI growth stocks in 2025. Read Also: UnitedHealth Stock Is Rising Monday: What's Going On? How To Buy CRWV Stock Besides going to a brokerage platform to purchase a share - or fractional share - of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. For example, in CoreWeave's case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment. According to data from Benzinga Pro, CRWV has a 52-week high of $84.00 and a 52-week low of $33.52. CRWVCoreWeave Inc$81.912.00%Stock Score Locked: Edge Members Only Benzinga Rankings give you vital metrics on any stock - anytime. Unlock RankingsEdge RankingsMomentum-Growth-Quality-Value22.88Price TrendShortMediumLongOverviewMarket News and Data brought to you by Benzinga APIs

CoreWeave Stock Hits All-Time High: What's Going On? - CoreWeave (NASDAQ:CRWV)

CoreWeave, Inc. CRWV shares hit a new all-time high on Wednesday. A series of recent developments have drawn investor attention to the AI infrastructure stock. What To Know: CoreWeave has soared this year since making its debut on public markets in March. The company is backed by Nvidia Corp NVDA, which recently revealed a large stake in the company totaling 24.18 million shares in a regulatory filing. Several analysts have also initiated coverage in recent weeks following the company's first earnings report as a public company. CoreWeave reported first-quarter results last week showing revenue of $981.6 million, marking a 420% increase from the same period last year. The number was well above analyst forecasts of $859.77 million, according to Benzinga Pro. The company also noted that a strategic deal with OpenAI during the quarter added $11.2 billion in revenue backlog. Shares surged following the report as the company revealed additional details of its deal with OpenAI, including additional agreements entered into in May to provide the company with access to cloud computing capacity. CoreWeave disclosed that OpenAI has committed to pay the company up to $4 billion through April 2029 related to the agreement. CoreWeave on Wednesday announced plans to offer $1.5 billion of senior notes due 2030. Shares surged to new highs despite the offering announcement. The company announced an upsized offering hours later, increasing it from $1.5 billion to $2 billion, but shares continued to trend higher with investor interest at all-time highs. CoreWeave stock is trending on several social platforms Wednesday afternoon with shares now up approximately 155% over the past month. Citigroup analyst Tyler Radke maintained CoreWeave with a Neutral rating and raised the price target from $43 to a Street-high of $94. CoreWeave price targets range from $94 to $36, according to Benzinga analyst data. Related Link: Visa's Dual Push: Enhancing Fintech Partnerships, Automating Virtual Card Payments CRWV Price Action: At the time of publication, CoreWeave shares were up 18.1% at $106.62, according to data from Benzinga Pro. Image: Shutterstock CRWVCoreWeave Inc$105.8617.3%Stock Score Locked: Edge Members Only Benzinga Rankings give you vital metrics on any stock - anytime. Unlock RankingsEdge RankingsMomentum-Growth-Quality-Value16.12Price TrendShortMediumLongOverviewNVDANVIDIA Corp$132.44-1.44%Market News and Data brought to you by Benzinga APIs

Why Shares of Nvidia-Backed CoreWeave Have Blasted 39% Higher This Week

CoreWeave is having a huge week, due to several big announcements. On Wednesday, shares surged after the Nvidia-backed company announced a $2 billion debt offering that matures in June 2023, with the notes yielding 9.25%. The raise came in half a billion dollars higher than expected and was reportedly five times oversubscribed, according to Barron's. Also on Wednesday, Citigroup analyst Tyler Radke maintained a neutral, high-risk rating on the stock, but more than doubled his price target from $43 to $94. Radke cited the company's first-quarter earnings report last week, showing a continuation of strong AI demand. Radke said in his research note: Overall, we think the print reinforces CoreWeave's high-growth status, especially with recent $4B OpenAI expansion deal, and likely assuages investor concerns around AI capex/infrastructure slowing. Shares have gone vertical ... While we'd argue a portion of the rerating is justified, given strong Azure/hyperscaler numbers and capex... we'd like to see more progress on profitability and more customer diversification. Keep an eye on valuation Just a few months ago, many investors saw CoreWeave's highly anticipated IPO as a failure because it was priced much lower than management had hoped. Since then, the stock is up 176% and trades at over a $55 billion market cap. While CoreWeave should be a big beneficiary of continued AI success, remember that the company is not yet profitable. For this reason, I'd recommend investors start small and then dollar-cost average into a position over time because the stock could be susceptible to big moves in both directions.

Why CoreWeave Rallied Big Yet Again Today | The Motley Fool

Shares of artificial intelligence (AI) "neocloud" CoreWeave (CRWV 15.61%) rocketed higher another 19.2% on Monday as of 12:26 p.m. ET. The big move follows a big jump last Friday, two days after CoreWeave reported impressive first-quarter results, and Nvidia disclosed that it had increased its stake in the company. Today's move higher appears to be spurred on by two factors. One, a Wall Street analyst more than doubled his price target on the stock. Second, CoreWeave is tapping the debt markets again to fund its aggressive build-out -- and that debt offering was very oversubscribed. This morning, Citigroup analyst Tyler Radke raised his price target on CoreWeave from $43 all the way to $94, but kept his "neutral" rating on shares. This was one of those analyst upgrades that seems a bit late to the party. Obviously, Radke had been neutral on the stock at a much lower price, but given the big jump in shares last week, the analyst is readjusting after the fact. Radke wrote in his note: Shares have gone vertical ... While we'd argue a portion of the rerating is justified, given strong Azure/hyperscaler numbers and capex, we reiterate our Neutral/High Risk rating, as we'd like to see more progress on profitability and more customer diversification. CoreWeave's growth also appears set to accelerate given the second bit of news today, although also perhaps at the expense of near-term profits, as Radke mentioned. That's because the company sought another $1.5 billion of debt in order to finance its AI data center build-out, but saw such strong investor interest that it upsized the offering to $2 billion of five-year notes. While the 9.25% coupon rate on the notes is pretty high and suggests a fair amount of risk, the massive investor interest appears to be spurring more bullishness among equity investors, too. It appears the bullishness on Nvidia-powered AI infrastructure is overwhelming some of the concerns about CoreWeave at the moment, with the main concerns being the heavy use of debt to build out infrastructure; its somewhat circular relationship with Nvidia, who is both a supplier and customer; and its high concentration of customers among just a few cloud and AI giants. That was why Radke and other analysts have been somewhat skeptical of CoreWeave's story. It's a newish business model in the AI era, so investors should expect more big swings on day-to-day news items, both to the upside and downside.