Hey fabulous finance queens! 📈 Ready for a dive into the world of CoreWeave? This company is turning heads with its stunning stock surge, and I’m here to dish out the details in a way that makes sense—like catching up with your savvy BFF over coffee.
So, CoreWeave went public not too long ago, and while it started slow, it’s now nearly 280% up from its IPO price. Why the buzz? Well, CoreWeave rents out its GPU-powered data centers for AI workloads, and the demand is hotter than a Texas summer.
Now, let’s chat about if it’s a good buy. CoreWeave isn’t profitable yet because it’s investing big in its data centers. Think of it like buying a designer bag on sale; it’s an upfront splurge, but the payoff can be oh-so-worth it. The price-to-sales ratio here is 27, which is higher than the tech sector’s average of 8. But darling, sometimes you’ve got to look beyond the price tag.
Take a peek at their numbers: in Q1 of 2025, revenue skyrocketed over 5x compared to last year, hitting $982 million. They’re signing big deals, like a jaw-dropping $11.9 billion contract with OpenAI. Their backlog is a whopping $25.9 billion—way above their 2025 revenue forecast. It’s like having a closet full of future fashion wins just waiting to be worn.
CoreWeave’s market is expanding, with their total addressable market expected to hit $400 billion by 2028. They’ve also upped their data center capacity by 300 megawatts, gearing up to meet that massive demand.
When you compare CoreWeave to other AI stocks, it’s not as pricey as it looks. SoundHound AI and Palantir trade at much higher multiples, yet CoreWeave’s growth potential is way stronger. If it aligns with the average tech sector sales multiple, its market cap could jump by 73%. Not too shabby, right?
In the end, CoreWeave is like that stunning statement piece that’s still a smart buy. If you’re looking to add something with serious growth potential to your portfolio, this might just be it.
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