CoreWeave (NASDAQ: CRWV) has stunned Wall Street in 202, with its stock price soaring over 200% since its March IPO. The AI cloud infrastructure firm, backed by Nvidia, recently reported a fivefold year-over-year revenue jump in Q and landed a multi-year, multibillion-dollar deal with OpenAI. Investor excitement peaked after Nvidia acquired a 7% stake in CoreWeave, sending shares to an all-time high of $130.7.
The company’s $2 billion senior notes offering, priced at 9.25% and upsized due to strong demand, further fueled the rally. CoreWeave plans to use these funds for expansion and debt repayment, signaling aggressive growth ambitions. Analysts note that CoreWeave’s rapid ascent is driven by surging demand for AI computing power, with the company guiding for over $1 billion in revenue for the current quarter—well above market expectations.
However, some caution is emerging. Barclays downgraded CRWV to “equal weight,” citing valuation concerns and a lack of near-term catalysts, with a price target of $100—about 15% below current levels. At times projected 202 earnings, the stock trades at a premium even among high-growth tech peers.
Investors are now watching closely: will CoreWeave’s momentum continue, or is the stock already pricing in all the good news?
