Overview

• CoreWeave stock fell 7.49% to $114.74 on May 28, pulling back from an all-time high of $116.54 reached earlier this week
• Barclays downgraded the shares from Overweight to Equal Weight but lifted its 12-month price target from $70 to $100, citing stretched valuation
• In Q1 2025 the Nvidia-backed firm posted a 420% year-over-year revenue surge to $981.6 million and forecast up to $5.1 billion in full-year sales
• Since its March IPO at $40 per share, CoreWeave’s stock has climbed roughly 157% as investors flock to its AI infrastructure platform
• High-profile partnerships with OpenAI and Microsoft and the hiring of Carl Holshouser as vice president of government affairs bolster the company’s strategic positioning