Overview
- ARK Invest disclosed multi-day purchases, including 396,198 shares on Nov. 25 following buys of 437,345 shares the prior day and 350,734 shares on Nov. 21.
- CoreWeave reports a $56 billion revenue backlog, with about $22 billion expected to be recognized over the next 24 months, pointing to continued top-line expansion.
- The company remains unprofitable with negative cash flow, raising concerns given the short replacement cycles for data center GPUs.
- On Nov. 5, CoreWeave announced a global integration with CrowdStrike’s Falcon platform to protect complex AI workloads using its high-performance AI Cloud.
- Coverage noted client usage from major platforms such as Microsoft and Meta, even as investors debate reliance on Nvidia hardware and execution risks.