CoreWeave, Inc. Class A (CRWV)

CoreWeave went public on March 28, 2025, raising $1.5 billion. Core Scientific shareholders rejected a merger agreement with CoreWeave, leading to a stock price drop. CoreWeave lowered its guidance for revenue, operating income, capital spending, and active power capacity for 2025, causing the stock to drop. A shareholder complaint was filed, alleging securities fraud against CoreWeave. A class action lawsuit was filed against CoreWeave and its senior executives, accusing them of securities fraud. CoreWeave reported its first-quarter 2026 financial results, showcasing record bookings and a revenue backlog nearing $100 billion, but the adjusted EPS loss was wider than anticipated, and the company's second-quarter revenue guidance missed analyst expectations, leading to a significant stock decline. Despite these recent drops, CoreWeave's stock has rallied sharply in 2026.

CoreWeave's products and services currently experience consistent and "insatiable" demand, rather than significant seasonality. The company's business model is characterized by long-term, committed contracts, with a substantial majority of its new capacity already allocated. Customers are increasingly signing multi-year "take-or-pay" contracts. CoreWeave plans its capacity procurement based on customer demand.

CoreWeave, Inc. is a specialized cloud infrastructure technology company providing high-performance computing resources, primarily focusing on GPU-accelerated workloads for AI development and deployment. It operates a GPU-centric cloud platform purpose-built for AI workloads. The company provides GPU and CPU compute, storage services, networking services, managed software services, model and agent development tools, and specialized solutions. CoreWeave generates revenue by renting out its GPU infrastructure through multi-year contracts and on-demand usage.

CoreWeave has a growing international presence, with its headquarters in Livingston, New Jersey. As of December 31, 2025, the company operates 43 data centers across North America and Europe, with plans for rapid expansion. In the first quarter of 2026, CoreWeave added six new data centers, bringing its total to 49 active facilities. Specific locations include Plano, Texas; Hillsboro, Oregon; Douglasville, Georgia; and two data centers in the United Kingdom. The company aims to procure 5 gigawatts of incremental power by 2030.

CoreWeave's brand reputation has seen both positive and negative developments. Positive aspects include strategic partnerships with leading AI companies and technological leadership in deploying advanced NVIDIA GPUs. The company has also demonstrated impressive revenue growth. Negative aspects include securities fraud allegations, data center delays, and a merger rejection.

CoreWeave's ownership is largely concentrated among its founders and early investors, with significant stakes held by institutional investors. Major institutional owners include Magnetar Financial LLC, Vanguard Group Inc, Nvidia Corp, Jane Street Group, Llc, Susquehanna International Group, Llp, Citadel Advisors Llc, Goldman Sachs Group Inc, GPU Ventures, Cw Opportunity Llc, Proficio Capital Partners LLC, BlackRock, Inc., State Street Corp., Sumitomo Mitsui Trust Group, Inc., Cisco Systems, Inc., and Manulife Financial Corp. Major individual owners include Michael Intrator, Brian Venturo, Brannin McBee, Peter Salanki, and Jack Cogen.