CoreWeave Inc (CRWV US)
What are your thoughts on CoreWeave? Separately, when I search for this company in the MM platform nothing appears. Why is this? This is not the first time for certain stocks either.
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Answer
Hi Scott,
CoreWeave Inc. (CRWV US) is a $US67bn U.S.-based cloud infrastructure company that provides high-performance GPU computing tailored for AI, machine learning, and visual effects workloads. While its core focus is on GPU data centres, it is expanding into software through tools that help manage and optimize AI development and training.
CRWV is already a leading AI cloud infrastructure provider that has rapidly emerged as a key player in the AI compute sector. The company only listed in March raising approximately $US1.5 billion in the offering, marking it as one of the largest U.S. tech IPOs since 2021. CRWV has since secured significant long-term contracts, including a $US14.2 billion deal with Meta to supply AI infrastructure through 2031, and a $US6.3 billion agreement with Nvidia to guarantee utilisation of its data centres.
Not surprisingly its 2Q numbers were impressive:
- Revenue of $US1.21 billion, a +207% increase year-over-year for a net loss of $US131 million with $2.1 billion cash on hand as of June 30, 2025
The companies got a robust balance sheet and is growing fast in an area we, and most of the market likes. We like the stock ~$US140.
NB Sorry about the data not dropping into the site, we use LSEG for all data into the MM site, they may be one the biggest in the world, but they can be slow in adding new companies to their data feeds.
