Could CoreWeave Become Next Nvidia?
$CoreWeave, Inc.(CRWV)$ surged over 25% this week, closing at a record high of $150.48. The stock has skyrocketed 276% YTD, outshining tech titans like Nvidia and Microsoft. And the biggest force behind its rise? Nvidia itself.
As of March 2025, CoreWeave accounts for 78% of Nvidia’s AI investment portfolio—by far its largest single bet.
1. From crypto miner to Nvidia’s chosen one: CoreWeave bet big on Nvidia before anyone noticed.
In 2019, long before the AI boom began, CoreWeave was just a small crypto mining operation. But unlike many miners who folded during the crypto crash, CoreWeave took the opposite route: it stockpiled Nvidia GPUs while prices were low. So when OpenAI ignited the large language model revolution and global demand for GPUs exploded, CoreWeave was already sitting on 250,000+ Nvidia GPUs—ready to rent out high-performance compute instantly.
In 2020, CoreWeave became one of Nvidia’s Preferred Cloud Partners, then upgraded to its first Elite Cloud Provider in 2021. By 2023, CoreWeave was among the first globally to deploy H100 and H200 chips. While Elon Musk was still complaining about H100 shortages, CoreWeave had already installed H200s.
2. Backed by $Microsoft(MSFT)$ , CoreWeave’s GPUs have become a money-printing machine.
GPUs alone aren’t enough. CoreWeave’s secret weapon? AI cloud that’s faster and cheaper than traditional public clouds.
Compared to AWS or Azure, CoreWeave claims up to 35x faster speeds and 80% lower costs, hitting the sweet spot for AI startups burning through compute budgets.
From OpenAI ecosystem projects to high-profile AI startups, and even Big Tech—Microsoft and Meta—lined up to rent CoreWeave’s GPUs.
Microsoft signed a compute agreement in mid-2023, and now contributes 62% of CoreWeave’s revenue. From just $16 million in 2022 to $1.9 billion in 2024, the company’s revenue surged nearly 120-fold in just three years.
3. Building deeper roots with $APPLIED DIGITAL CORP(APLD)$
To handle its massive GPU deployment, CoreWeave signed two 15-year contracts with data center operator Applied Digital, securing 250 megawatts of IT capacity in North Dakota.
Nvidia also holds a stake in Applied Digital, tightening this three-way alliance. The deal is expected to bring $7 billion in revenue to APLD over the contract’s life—staggering, considering the company only made $53 million last quarter. A one-day 50% stock surge suddenly doesn’t seem so crazy.
4. Made by Nvidia, could it fall because of Nvidia too?
But CoreWeave’s meteoric rise carries risks.
Nvidia recently announced it’s moving to an annual GPU upgrade cycle, with Blackwell already shipping and the next-gen Vera Rubin coming in 2026. If customers shift budgets toward the newest chips, CoreWeave’s older GPUs (recorded at historical cost) could face large-scale asset impairments.
Any pivot from its largest customer could cause serious trouble. Meanwhile, CoreWeave plans to invest $23 billion this year—a bold bet that could either scale dominance or become a painful top.
Can CoreWeave become the next Nvidia?
With Nvidia backing it, how much longer can CoreWeave keep rising?
CoreWeave is now more expensive than Nvidia, which one do you favor?
What’s your target price for CRWV?
REWARDS
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$CoreWeave, Inc.(CRWV)$ $NVIDIA(NVDA)$ $APPLIED DIGITAL CORP(APLD)$ 🚨🤖📈 CoreWeave at Warp Speed: Can the AI Cloud Kingpin Keep Climbing? 📈🤖🚨
CoreWeave’s ascent is a masterclass in strategic foresight, capitalising on the AI infrastructure boom with precision that has left even tech giants in its wake. Its 276% year-to-date surge, culminating in a record close of $150.48, reflects a market enthralled by its positioning at the nexus of AI compute demand and Nvidia’s GPU dominance. Yet, beneath the euphoria, fundamental questions loom about sustainability, valuation, and risks tied to its concentrated dependencies. Let’s dissect the phenomenon and address the outlook with a fundamentals-driven perspective using New Zealand English spelling.
🌐 From Crypto Miner to AI Titan
CoreWeave’s pivot from a small-scale Ethereum miner in 2019 to an AI cloud juggernaut is a story of opportunistic brilliance. While crypto miners floundered during the 2018 to 2019 market crash, CoreWeave’s founders, Michael Intrator, Brian Venturo, and Brannin McBee, saw an opening. They amassed Nvidia GPUs at bargain prices, building a stockpile that proved prescient when the generative AI wave, sparked by OpenAI’s ChatGPT in 2022, sent GPU demand soaring.
By 2023, CoreWeave’s 250,000+ Nvidia GPUs positioned it as a critical supplier of high-performance compute, with early access to Nvidia’s H100 and H200 chips cementing its edge. This wasn’t luck, it was a calculated bet on Nvidia’s hardware becoming the backbone of AI.
CoreWeave became Nvidia’s first Elite Cloud Provider in 2021. Nvidia’s 7% stake in the company, representing 78% of its AI investment portfolio, isn’t just capital support, it’s strategic infrastructure alignment. That trust has turned CoreWeave into a GPU pipeline for AI giants from OpenAI to Meta, exploding its revenue from $16 million in 2022 to $1.9 billion in 2024, a 118x leap.
🧠 The Microsoft Nexus: Strength or Weakness?
CoreWeave claims its AI compute is up to 35 times faster and 80% cheaper than traditional hyperscalers like AWS and Azure. This claim underpins its $11.9 billion five-year contract with OpenAI, with Microsoft accounting for 62% of 2024 revenue under a multi-year compute agreement.
However, that concentration is both power and peril. With 77% of revenue coming from just two clients (Microsoft and likely OpenAI), CoreWeave’s stability is bound to their infrastructure needs. Microsoft’s recent reassessment of some data centre leases, highlighted by the Financial Times, stirs concern. Should Microsoft or OpenAI move toward in-house solutions, CoreWeave’s revenue cliff could be steep and sudden.
⚡ Powering Up: The Applied Digital (APLD) Deal
CoreWeave’s 15-year, 250-megawatt data centre lease with Applied Digital in North Dakota is designed to scale compute capacity. Nvidia’s stakes in both companies add strategic synergy. APLD surged 50% on the announcement, though its modest $53 million in quarterly revenue shows the market is pricing in exponential future growth.
This deal strengthens CoreWeave’s GPU deployment capabilities, but raises questions about capital intensity. With $23 billion in planned 2025 investments and $8 billion in debt, $7.6 billion of which carries a 14.11% interest rate from Blackstone and Magnetar, the company is leveraging heavily for growth.
💥 Cracks in the Silicon
CoreWeave’s profitability is still distant. Its $314.6 million Q1 2025 net loss came despite 420% revenue growth to $981.6 million. Depreciation risk looms large. Nvidia is moving to an annual GPU upgrade cycle, with the Vera Rubin architecture expected by 2026. Clients demanding the latest chips could force CoreWeave to write down older hardware, impacting the balance sheet. Jensen Huang’s quip that “Hopper is already obsolete” is not just wit, it’s a warning.
Valuation also feels stretched. With a market cap of $57.7 billion and a lower forward P/S ratio than Nvidia, CoreWeave’s path assumes exponential scaling and eventual profitability. Any deceleration in AI spend, such as TD Cowen’s commentary on Microsoft’s infra pullback, could trigger volatility.
🏗️ Nvidia vs. CoreWeave: Architect vs. Builder
CoreWeave isn’t the next Nvidia. Nvidia owns the silicon, sets pricing, and leads on margin. CoreWeave is more like a niche hyperscaler, focused purely on AI compute. Its revenue backlog of $25.9 billion, including $11.2 billion from OpenAI, is massive, but the business model is capital-heavy and exposure-heavy.
Still, as a facilitator of AI, it holds potential. But unlike Nvidia’s asset-light dominance, CoreWeave must walk a tightrope of capital deployment, debt servicing, and client concentration management. The innovation gap remains.
📈 Technical Watch: The $200 Breakout or the $97 Retest?
The recent 56% surge in a single week following Nvidia’s 7% stake and CoreWeave’s Q1 earnings beat (actual: $981.6 million, expected: $852.9 million) puts $CRWV in the limelight. Jefferies has a $51 target and “buy” rating, while Citi, Morgan Stanley, and Deutsche Bank offer “neutral” views.
The chart shows an ascending triangle breakout, with a possible push toward $200 if momentum holds. Support levels lie at $122 and $97. Current price as of 2 June 2025 is $120.20. Momentum is strong, but consolidation risk is real.
🎯 Target Price Outlook: $130 Base, $200 Top?
If CoreWeave delivers on its 2025 revenue guidance of $4.9–$5.1 billion and maintains its current P/S of 11.3, then a $55–$57 billion valuation implies a price range of $114–$119. A bullish AI demand scenario could justify $150–$200 per share. Conversely, if Microsoft or OpenAI reduce spend, or if GPU depreciation bites, downside to $73–$97 is plausible. I lean toward a conservative $130 target by year-end, balancing growth optimism with capital and client risk.
🧭 Final Word: Innovation vs Execution
CoreWeave is one of the most remarkable tech pivots in recent memory. Its rise from a 2019 Ethereum miner to a multi-billion-dollar AI cloud platform is legendary. But the market is pricing in Nvidia-like resilience on a very different foundation.
Nvidia still wins on innovation, margin, and platform power. CoreWeave is the enabler, not the originator. For risk-tolerant traders, CoreWeave offers spectacular upside. For longer-term investors, Nvidia remains the AI era’s cornerstone.
📢 Don’t miss out! Like, Repost and Follow me for exclusive setups, cutting-edge trends, and insights that move markets 🚀📈 I’m obsessed with hunting down the next big movers and sharing strategies that crush it. Let’s outsmart the market and stack those gains together! 🍀
Trade like a boss! Happy trading ahead, Cheers, BC 📈🚀🍀🍀🍀
@Tiger_comments @TigerStars @TigerPicks @TigerWire @Daily_Discussion @TigerClub @Tiger_CashBoostAccount
Yes, the fundamentals are eye-popping:
✅ 276% YTD
✅ 78% of Nvidia’s AI portfolio
✅ Microsoft now 62% of revenue
✅ $1.9B revenue
✅ Long-term infra locked in with APLD
But let’s be real. at this valuation, you’re not just buying CoreWeave’s performance… you’re buying flawless execution of a $23B capex plan, no GPU supply hiccups, and perfect timing with Nvidia’s upgrade cycle. That's a tall order.
Personally, I’ve rotated some early gains from CRWV into Nvidia and APLD. I still believe in the AI infra trend, but CRWV at this level feels more momentum-driven than value-backed.
📈 My prediction? Near-term upside to $165 if risk sentiment holds, but a correction feels overdue, especially if Blackwell adoption shifts demand away from older GPU inventory.
I’m holding Nvidia as the quality anchor, watching CRWV for re-entry on pullbacks.
$CoreWeave, Inc.(CRWV)$ $NVIDIA(NVDA)$ $APPLIED DIGITAL CORP(APLD)$ 🚨🤖📈 CoreWeave at Warp Speed: Can the AI Cloud Kingpin Keep Climbing? 📈🤖🚨
CoreWeave’s ascent is a masterclass in strategic foresight, capitalising on the AI infrastructure boom with precision that has left even tech giants in its wake. Its 276% year-to-date surge, culminating in a record close of $150.48, reflects a market enthralled by its positioning at the nexus of AI compute demand and Nvidia’s GPU dominance. Yet, beneath the euphoria, fundamental questions loom about sustainability, valuation, and risks tied to its concentrated dependencies. Let’s dissect the phenomenon and address the outlook with a fundamentals-driven perspective using New Zealand English spelling.
🌐 From Crypto Miner to AI Titan
CoreWeave’s pivot from a small-scale Ethereum miner in 2019 to an AI cloud juggernaut is a story of opportunistic brilliance. While crypto miners floundered during the 2018 to 2019 market crash, CoreWeave’s founders, Michael Intrator, Brian Venturo, and Brannin McBee, saw an opening. They amassed Nvidia GPUs at bargain prices, building a stockpile that proved prescient when the generative AI wave, sparked by OpenAI’s ChatGPT in 2022, sent GPU demand soaring.
By 2023, CoreWeave’s 250,000+ Nvidia GPUs positioned it as a critical supplier of high-performance compute, with early access to Nvidia’s H100 and H200 chips cementing its edge. This wasn’t luck, it was a calculated bet on Nvidia’s hardware becoming the backbone of AI.
CoreWeave became Nvidia’s first Elite Cloud Provider in 2021. Nvidia’s 7% stake in the company, representing 78% of its AI investment portfolio, isn’t just capital support, it’s strategic infrastructure alignment. That trust has turned CoreWeave into a GPU pipeline for AI giants from OpenAI to Meta, exploding its revenue from $16 million in 2022 to $1.9 billion in 2024, a 118x leap.
🧠 The Microsoft Nexus: Strength or Weakness?
CoreWeave claims its AI compute is up to 35 times faster and 80% cheaper than traditional hyperscalers like AWS and Azure. This claim underpins its $11.9 billion five-year contract with OpenAI, with Microsoft accounting for 62% of 2024 revenue under a multi-year compute agreement.
However, that concentration is both power and peril. With 77% of revenue coming from just two clients (Microsoft and likely OpenAI), CoreWeave’s stability is bound to their infrastructure needs. Microsoft’s recent reassessment of some data centre leases, highlighted by the Financial Times, stirs concern. Should Microsoft or OpenAI move toward in-house solutions, CoreWeave’s revenue cliff could be steep and sudden.
⚡ Powering Up: The Applied Digital (APLD) Deal
CoreWeave’s 15-year, 250-megawatt data centre lease with Applied Digital in North Dakota is designed to scale compute capacity. Nvidia’s stakes in both companies add strategic synergy. APLD surged 50% on the announcement, though its modest $53 million in quarterly revenue shows the market is pricing in exponential future growth.
This deal strengthens CoreWeave’s GPU deployment capabilities, but raises questions about capital intensity. With $23 billion in planned 2025 investments and $8 billion in debt, $7.6 billion of which carries a 14.11% interest rate from Blackstone and Magnetar, the company is leveraging heavily for growth.
💥 Cracks in the Silicon
CoreWeave’s profitability is still distant. Its $314.6 million Q1 2025 net loss came despite 420% revenue growth to $981.6 million. Depreciation risk looms large. Nvidia is moving to an annual GPU upgrade cycle, with the Vera Rubin architecture expected by 2026. Clients demanding the latest chips could force CoreWeave to write down older hardware, impacting the balance sheet. Jensen Huang’s quip that “Hopper is already obsolete” is not just wit, it’s a warning.
Valuation also feels stretched. With a market cap of $57.7 billion and a lower forward P/S ratio than Nvidia, CoreWeave’s path assumes exponential scaling and eventual profitability. Any deceleration in AI spend, such as TD Cowen’s commentary on Microsoft’s infra pullback, could trigger volatility.
🏗️ Nvidia vs. CoreWeave: Architect vs. Builder
CoreWeave isn’t the next Nvidia. Nvidia owns the silicon, sets pricing, and leads on margin. CoreWeave is more like a niche hyperscaler, focused purely on AI compute. Its revenue backlog of $25.9 billion, including $11.2 billion from OpenAI, is massive, but the business model is capital-heavy and exposure-heavy.
Still, as a facilitator of AI, it holds potential. But unlike Nvidia’s asset-light dominance, CoreWeave must walk a tightrope of capital deployment, debt servicing, and client concentration management. The innovation gap remains.
📈 Technical Watch: The $200 Breakout or the $97 Retest?
The recent 56% surge in a single week following Nvidia’s 7% stake and CoreWeave’s Q1 earnings beat (actual: $981.6 million, expected: $852.9 million) puts $CRWV in the limelight. Jefferies has a $51 target and “buy” rating, while Citi, Morgan Stanley, and Deutsche Bank offer “neutral” views.
The chart shows an ascending triangle breakout, with a possible push toward $200 if momentum holds. Support levels lie at $122 and $97. Current price as of 2 June 2025 is $120.20. Momentum is strong, but consolidation risk is real.
🎯 Target Price Outlook: $130 Base, $200 Top?
If CoreWeave delivers on its 2025 revenue guidance of $4.9–$5.1 billion and maintains its current P/S of 11.3, then a $55–$57 billion valuation implies a price range of $114–$119. A bullish AI demand scenario could justify $150–$200 per share. Conversely, if Microsoft or OpenAI reduce spend, or if GPU depreciation bites, downside to $73–$97 is plausible. I lean toward a conservative $130 target by year-end, balancing growth optimism with capital and client risk.
🧭 Final Word: Innovation vs Execution
CoreWeave is one of the most remarkable tech pivots in recent memory. Its rise from a 2019 Ethereum miner to a multi-billion-dollar AI cloud platform is legendary. But the market is pricing in Nvidia-like resilience on a very different foundation.
Nvidia still wins on innovation, margin, and platform power. CoreWeave is the enabler, not the originator. For risk-tolerant traders, CoreWeave offers spectacular upside. For longer-term investors, Nvidia remains the AI era’s cornerstone.
📢 Don’t miss out! Like, Repost and Follow me for exclusive setups, cutting-edge trends, and insights that move markets 🚀📈 I’m obsessed with hunting down the next big movers and sharing strategies that crush it. Let’s outsmart the market and stack those gains together! 🍀
Trade like a boss! Happy trading ahead, Cheers, BC 📈🚀🍀🍀🍀
@Tiger_comments @TigerStars @TigerPicks @TigerWire @Daily_Discussion @TigerClub @Tiger_CashBoostAccount
Still, at these levels, it feels like the market is pricing in near-perfect execution. You’re basically betting they’ll pull off a $23 billion capex plan with no supply chain issues, flawless timing with Nvidia’s GPU rollouts, and zero margin for error. That’s a tough ask for any company, let alone one scaling this fast.
For me, Nvidia feels like the safer anchor right now. I believe in the AI infrastructure trend long term, but CoreWeave’s price action seems more driven by momentum than fundamentals. I’m not chasing it here, but I’ll definitely be watching for any pullbacks.
When the lockup period expires, NVDA may sell uh oh.
Even before NVDA sells, retail investors will bail first la. Will I wanna invest in such? No. I want to sleep in peace at night. Not fret on the returns of my investments.
Impact of lockup expiration:
When a lockup period expires, insiders can potentially sell their shares, which could lead to a surge of shares available for trading, potentially causing the stock price to decline.
What if NVDA sells their huge stake?
What is a lockup period?
In the context of an IPO, a lockup period is a predetermined time after the IPO during which company insiders (founders, management, early investors) are restricted from selling their shares.
Purpose of a lockup period:
The primary purpose of a lockup period is to stabilize the stock price and prevent market volatility that could arise from insiders selling their shares at the same time.
TO THOSE IN IT, CONSIDER DITCHING BEFORE THIS PERIOD ENDS.
interesting... perhaps a stock worth monitoring [Thinking] [Thinking] [Thinking]
In 2020, CoreWeave became one of Nvidia’s Preferred Cloud Partners, then upgraded to its first Elite Cloud Provider in 2021. By 2023, CoreWeave was among the first globally to deploy H100 and H200 chips.
Can CoreWeave become the next Nvidia?
With Nvidia backing it, how much longer can CoreWeave keep rising?
CoreWeave is now more expensive than Nvidia, which one do you favor?
What’s your target price for CRWV?
REWARDS
All valid comments will receive 5 Tiger Coins
The first 10 and last 10 valid comments will receive an additional 10 Tiger Coins
與AWS或Azure相比，CoreWeave聲稱速度提高了35倍，成本降低了80%，達到了消耗計算預算的人工智能初創公司的最佳點。
從OpenAI生態系統項目到備受矚目的人工智能初創公司，甚至大型科技公司——微軟和Meta——都排隊租用CoreWeave的GPU。
微軟於2023年中期簽署了計算協議，目前貢獻了CoreWeave 62%的收入。從2022年的1600萬美元到2024年的19億美元，該公司的收入在短短三年內飆升了近120倍。
2020年，CoreWeave成爲Nvidia首選雲合作伙伴之一，隨後於2021年升級爲其首家精英雲提供商。到2023年，CoreWeave成爲全球首批部署H100和H200芯片的公司之一。當埃隆·馬斯克還在抱怨H100短缺時，CoreWeave已經安裝了H200。
I feel so. Corweave is a stock that I believe in and I feel that can be a great company in future...