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CoreWeave Is Up More Than 300% in Just 3 Months – But Could It Go Even Higher?
CoreWeave (NASDAQ: CRWV) went public in March and was one of the most anticipated IPOs of the artificial intelligence boom. It's also been one of the best-performing IPOs. CoreWeave went public at a price of $40 per share and as of this writing, the stock trades for more than four times that level.Although CoreWeave is losing money, this AI infrastructure company is growing at an incredible pace, and this has caused the stock to climb so high. Here I'll discuss what the company does, how the business is performing, and whether the stock could soar higher, even after its excellent performance in just a few months as a public company.Image source: Getty Images.Continue reading
CoreWeave (NASDAQ: CRWV) went public in March and was one of the most anticipated IPOs of the artificial intelligence boom. It's also been one of the best-performing IPOs. CoreWeave went public at a price of $40 per share and as of this writing, the stock trades for more than four times that level.
Although CoreWeave is losing money, this AI infrastructure company is growing at an incredible pace, and this has caused the stock to climb so high. Here I'll discuss what the company does, how the business is performing, and whether the stock could soar higher, even after its excellent performance in just a few months as a public company.
Image source: Getty Images.
