Overview

• On May 27, CoreWeave shares jumped 21% after reports that Nvidia resolved technical delays in its AI data center rack shipments and the company appointed Carl Holshouser as vice president of government affairs.
• Barclays downgraded CoreWeave to Equal Weight from Overweight even as it raised its price target to $100, citing robust growth but cautioning that valuation gains may not be supported by near-term fundamentals.
• In Q1 2025, CoreWeave reported a 420% year-over-year revenue increase to $981.6 million and projected full-year sales of up to $5.1 billion.
• Since its March IPO at $40 per share, CoreWeave stock has more than doubled, yet TipRanks data imply a potential 60% downside risk from current levels.
• Nvidia holds roughly a 7% stake in CoreWeave and the company has secured multi-billion-dollar contracts with OpenAI—including a five-year deal worth up to $11.9 billion plus an additional $4 billion post-quarter.