Latest news with #CoreWeave
Yahoo
an hour ago
- Business
- Yahoo
Nvidia-backed stock sends a quiet shockwave through the AI world
Nvidia-backed stock sends a quiet shockwave through the AI world originally appeared on TheStreet. CoreWeave () is the Nvidia () -backed AI stock that's been one of the biggest winners on Wall Street this year. What started as a crypto side hustle was the best-performing AI tech IPO of 2025, up four times since its March debut. 💵💰💰💵 Moreover, its power-packed alliance with Nvidia means it gets access to the hottest GPUs first, a key differentiator as everyone scrambles for AI computing. Now, with July 3's headline-grabbing move in the books, this Nvidia-backed AI stock is showing just how it plans to scale up while shaking up the cloud hierarchy in the process. Starting as a crypto mining outfit, CoreWeave is now one of the buzziest names in the AI gold rush. Launched in 2017 as Atlantic Crypto, the New Jersey business rode the incredible Ethereum wave before pulling back sharply a couple of years later. It then rebranded and leaned hard into building out GPU-packed data centers, right when the generative AI boom was catching fire. Fast-forward to today: CoreWeave runs dozens of tailor-made data centers across the U.S. and Europe, offering plug-and-play access to Nvidia's hottest GPUs. The big-ticket customers can sidestep the need to build in-house hardware fortresses by renting CoreWeave's racks for their model training and inference big competitive edge is its tight partnership with Nvidia, which owns roughly 5% of CoreWeave, funneling its cutting-edge GPUs to the upstart first. No wonder has noticed. CoreWeave's IPO in March has been 2025's biggest tech story, pricing at $40 per share and raising about $1.5 billion. Since then, its stock has skyrocketed over 270%, peaking above $166 in June. Behind that surge is serious financial traction. In the first quarter, CoreWeave brought in $981.6 million in sales, comfortably beating Wall Street's $852.9 million estimate. More Tech Stock News: Analyst reboots IonQ stock price target for surprising reason Apple could make big change to Siri, delight fans Veteran analyst issues big Broadcom call, shakes up AI stock race It's sitting on a massive $25.9 billion revenue backlog, expecting to post full-year sales of $4.9 billion to $5.1 billion, beating analyst calls near $4.6 billion. Specifically, its massive five-year, $11.9 billion contract with OpenAI (plus an extension) and its new role supporting Google Cloud's compute push have caught the tech world's attention. Also, CoreWeave plans to spend more than $23 billion this year on new facilities as it doubles down on its generative AI bet. CoreWeave just fired a massive shot across the hyperscaler battlefield, and Wall Street took notice. The AI cloud player is first to the party, rolling out the highly anticipated Nvidia GB300 NVL72. This powerful liquid-cooled, rack-scale AI juggernaut is built to train the most advanced models on the planet. For investors, this is far from being a usual hardware upgrade. It's a clear sign that CoreWeave is punching above its weight as it stamps its authority in the hotly competitive AI arms race. The stock's 9% pop on July 3 says plenty about how Wall Street sees this heads, take note that the NVL72 runs on Nvidia's robust Blackwell chips, stuffing 72 Blackwell Ultra GPUs and 36 Arm Grace CPUs into Dell's custom-built rack system. That essentially translates into a system that's 10 times faster in responsiveness and five times quicker than its predecessor. That's no less than a game-changer for businesses training multi-trillion parameter models, the same level of AI that will push the pace on the next wave of chatbots and agentic AI. Being first means CoreWeave gets early bragging rights and a likely bump in real-world client workloads. For its godfather in Nvidia, it clearly shows that the Blackwell ecosystem is hitting real-world racks, powering next-gen AI tech. Moreover, Nvidia partners like Dell and Supermicro are also riding the Blackwell wave. Supermicro just showed off 30 enterprise AI solutions built on the same tech for the European market as it looks to dominate global AI stock sends a quiet shockwave through the AI world first appeared on TheStreet on Jul 5, 2025 This story was originally reported by TheStreet on Jul 5, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Miami Herald
4 hours ago
- Business
- Miami Herald
Nvidia-backed stock sends a quiet shockwave through the AI world
CoreWeave (CRWV) is the Nvidia (NVDA) -backed AI stock that's been one of the biggest winners on Wall Street this year. What started as a crypto side hustle was the best-performing AI tech IPO of 2025, up four times since its March debut. Don't miss the move: Subscribe to TheStreet's free daily newsletter Moreover, its power-packed alliance with Nvidia means it gets access to the hottest GPUs first, a key differentiator as everyone scrambles for AI computing. Now, with July 3's headline-grabbing move in the books, this Nvidia-backed AI stock is showing just how it plans to scale up while shaking up the cloud hierarchy in the process. Image source:Starting as a crypto mining outfit, CoreWeave is now one of the buzziest names in the AI gold rush. Launched in 2017 as Atlantic Crypto, the New Jersey business rode the incredible Ethereum wave before pulling back sharply a couple of years later. It then rebranded and leaned hard into building out GPU-packed data centers, right when the generative AI boom was catching fire. Fast-forward to today: CoreWeave runs dozens of tailor-made data centers across the U.S. and Europe, offering plug-and-play access to Nvidia's hottest GPUs. The big-ticket customers can sidestep the need to build in-house hardware fortresses by renting CoreWeave's racks for their model training and inference needs. Related: Google's quiet AI win spells trouble for Amazon Corweave's big competitive edge is its tight partnership with Nvidia, which owns roughly 5% of CoreWeave, funneling its cutting-edge GPUs to the upstart first. No wonder has noticed. CoreWeave's IPO in March has been 2025's biggest tech story, pricing at $40 per share and raising about $1.5 billion. Since then, its stock has skyrocketed over 270%, peaking above $166 in June. Behind that surge is serious financial traction. In the first quarter, CoreWeave brought in $981.6 million in sales, comfortably beating Wall Street's $852.9 million estimate. More Tech Stock News: Analyst reboots IonQ stock price target for surprising reasonApple could make big change to Siri, delight fansVeteran analyst issues big Broadcom call, shakes up AI stock race It's sitting on a massive $25.9 billion revenue backlog, expecting to post full-year sales of $4.9 billion to $5.1 billion, beating analyst calls near $4.6 billion. Specifically, its massive five-year, $11.9 billion contract with OpenAI (plus an extension) and its new role supporting Google Cloud's compute push have caught the tech world's attention. Also, CoreWeave plans to spend more than $23 billion this year on new facilities as it doubles down on its generative AI bet. CoreWeave just fired a massive shot across the hyperscaler battlefield, and Wall Street took notice. The AI cloud player is first to the party, rolling out the highly anticipated Nvidia GB300 NVL72. This powerful liquid-cooled, rack-scale AI juggernaut is built to train the most advanced models on the planet. For investors, this is far from being a usual hardware upgrade. It's a clear sign that CoreWeave is punching above its weight as it stamps its authority in the hotly competitive AI arms race. The stock's 9% pop on July 3 says plenty about how Wall Street sees this move. Related: Veteran analyst drops bold new call on Nvidia stock Tech heads, take note that the NVL72 runs on Nvidia's robust Blackwell chips, stuffing 72 Blackwell Ultra GPUs and 36 Arm Grace CPUs into Dell's custom-built rack system. That essentially translates into a system that's 10 times faster in responsiveness and five times quicker than its predecessor. That's no less than a game-changer for businesses training multi-trillion parameter models, the same level of AI that will push the pace on the next wave of chatbots and agentic AI. Being first means CoreWeave gets early bragging rights and a likely bump in real-world client workloads. For its godfather in Nvidia, it clearly shows that the Blackwell ecosystem is hitting real-world racks, powering next-gen AI tech. Moreover, Nvidia partners like Dell and Supermicro are also riding the Blackwell wave. Supermicro just showed off 30 enterprise AI solutions built on the same tech for the European market as it looks to dominate global AI factories. Related: Veteran analyst offers eye-popping Nvidia, Microsoft stock prediction The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Business Insider
18 hours ago
- Business
- Business Insider
CoreWeave Stock (CRWV) Continues to Ride the AI Wave. Do Analysts See More Upside?
CoreWeave (CRWV) stock rose about 9% on Thursday following the announcement that it has become the first cloud provider to deploy Nvidia's (NVDA) next-generation artificial intelligence (AI) chips – the Blackwell Ultra GPUs (graphics processing units). CRWV stock has risen about 313% to $165.20 from its initial public offering (IPO) price of $40. While the stock continues to rise on investor optimism, many Wall Street analysts are cautious about CoreWeave stock due to several reasons, including valuation concerns, and see a possible downside from current levels. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. CoreWeave bulls highlight the company's partnership with Nvidia, robust orders, and growing demand for computing and AI infrastructure. Notably, the company reported a 420% jump in its Q1 2025 revenue to $981.6 million and ended the quarter with a solid backlog of $25.9 billion. However, many analysts are concerned about CoreWeave stock's steep valuation following the strong rise since its IPO, margin pressures due to significant investments, and high debt levels. Recently, H.C. Wainwright analyst Kevin Dede initiated coverage of CoreWeave stock with a Hold rating. The analyst noted CRWV's 'proven bleeding-edge technology implementation and ability to bring it to supercomputing scale.' The 4-star analyst also highlighted the company's growing customer list, which includes hyperscalers themselves, as well as its speed to market, which it has enhanced through new deals with emerging infrastructure partners and suppliers. Dede also noted a large and expanding addressable market, which, according to CoreWeave, is expected to increase to $400 billion by 2028. The analyst added that AI itself could have a $20 trillion global impact by 2030. Despite these positives, Dede currently prefers to be on the sidelines, given the 'explosive' rise in CRWV stock. Meanwhile, Bank of America analyst Bradley Sills downgraded CoreWeave stock to Hold from Buy due to its lofty valuation. The 4-star analyst also projects $21 billion of negative free cash flow through 2027 owing to elevated capital expenditure ($46.1 billion through 2027). However, Sills boosted CoreWeave stock's price forecast to $185 from $76, noting several positives, including the OpenAI deal and strong revenue momentum. Is CoreWeave Stock a Good Buy? Overall, Wall Street is cautiously optimistic on CoreWeave stock, with a Moderate Buy consensus rating based on 11 Holds, six Buys, and one Sell recommendation. However, owing to the impressive rally since the IPO, the average CRWV stock price target of $78.53 indicates 52.5% downside risk from current levels.
Yahoo
a day ago
- Business
- Yahoo
NVIDIA (NasdaqGS:NVDA) Makes Strides In AI Cloud With New Hardware Deployments
NVIDIA has experienced a 69% rise in its share price over the last quarter, driven in part by substantial advancements in AI technology deployments. CoreWeave's deployment of NVIDIA's GB300 NVL72 systems boosts AI capabilities, while IREN Limited's acquisition of Blackwell GPUs underscores demand for NVIDIA's advanced technologies. The company's strong financial performance, as shown by impressive earnings growth, and strategic partnerships enhance its market position. Although NVIDIA's share price significantly outperformed the overall 2.1% market rise, these developments reinforced its robust performance amid a growing AI landscape. NVIDIA has 1 possible red flag we think you should know about. Find companies with promising cash flow potential yet trading below their fair value. The recent advancements in AI deployments, including NVIDIA's collaborations with CoreWeave and IREN Limited, directly bolster the company's narrative of growth through strategic partnerships and technological innovation. These partnerships are likely to enhance NVIDIA's capabilities in AI model scaling, potentially increasing revenue from data centers and AI workloads. The expected expansion into sectors like autonomous vehicles also promises new revenue streams, particularly with partnerships involving companies such as Toyota and Uber. These developments may positively influence analysts' revenue and earnings forecasts, supporting the narrative of sustained growth despite existing challenges in regulatory and export control areas. Over a five-year period, NVIDIA's total shareholder return has been very large at 1425.54%, illustrating robust long-term growth when compared to the broader market. For context, in the past year alone, NVIDIA's returns also exceeded the US Semiconductor industry, which saw a return of 17%. This substantial performance aligns with the accelerated earnings and revenue growth that analysts expect in the coming years. In terms of short-term share price movement, NVIDIA experienced a 69% rise in the last quarter, substantially outperforming the overall market rise of 2.1%. Despite this rapid increase, the current share price of US$113.54 remains below the consensus analyst price target of US$163.12, representing a 30.4% potential upside. This potential suggests that analysts see further room for growth, assuming that anticipated revenue and earnings targets are met, and operational efficiencies with new product architectures are successfully implemented. Our valuation report here indicates NVIDIA may be overvalued. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:NVDA. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Nvidia Blackwell Ultra Lands at CoreWeave in a Game-Changing Move
July 4 - CoreWeave (NASDAQ:CRWV) became the first cloud provider to install Nvidia's (NASDAQ:NVDA) new Blackwell Ultra AI chips. The systems, built by Dell (NYSE:DELL), feature liquid?cooled racks housing 72 Blackwell Ultra GPUs alongside 36 Nvidia Grace CPUs. All units are assembled and tested in the U.S., Dell said. Warning! GuruFocus has detected 4 Warning Signs with NVDA. CoreWeave shares surged 6% Thursday, while Dell climbed about 2% and Nvidia inched up about 1% in trading, reflecting investor enthusiasm for next?gen AI hardware. The Blackwell Ultra, Nvidia's latest graphics processor for AI, is expected to ship in volume later this year. CoreWeave's early deployment gives it an edge over larger cloud rivals by offering customers the fastest commercially available AI accelerators. As demand for AI compute grows, analysts say such partnerships may reshape cloud?computing dynamics. Investors will watch whether CoreWeave's move spurs additional orders or prompts competitors like Amazon, Google, and Microsoft to accelerate their own chip rollouts. This article first appeared on GuruFocus.
