Reported 16 days ago
CoreWeave, an AI-focused cloud computing infrastructure provider, has seen a 27% drop from its peak, currently trading at $134. Despite a massive revenue growth of 207% to $1.2 billion, the company remains unprofitable, raising concerns about its sustainability given the short lifespan of the GPUs it relies on. With major clients expanding their own infrastructure, CoreWeave may struggle to retain long-term contracts. Analysts suggest that investing in more profitable entities like Nvidia might be a better choice for investors.
Source: YAHOO