Overview

• CoreWeave's stock rose by more than 15% on May 1, 2025, surpassing its $40 IPO price and reaching $47.74 in morning trading.
• Microsoft reported a 33% year-over-year increase in Azure and cloud services revenue, exceeding expectations and reiterating its commitment to AI-related capital expenditures.
• Meta raised its 2025 capital expenditure forecast, signaling increased investment in AI infrastructure following a strong sales forecast and first-quarter earnings beat.
• CoreWeave, which operates Nvidia GPU-equipped data centers, remains heavily reliant on Microsoft, its largest customer, which accounted for 62% of its 2024 revenue.
• The company will release its first quarterly earnings report as a public company on May 14, 2025, following its $11.9 billion deal with OpenAI earlier this year.