Reported about 13 hours ago
CoreWeave, the Nvidia-backed AI cloud company, has seen its stock surge over 100% since its IPO in March, driven by strong investor interest in AI despite concerns over its high-risk business model. The company, heavily reliant on Nvidia's GPUs and major clients like Microsoft, reported impressive earnings and a robust revenue outlook after securing significant contracts. However, analysts are divided, with some raising price targets due to strong demand, while others caution about its substantial debt and reliance on a few key customers for revenue.
Source: YAHOO