CoreWeave Stock Hits New All-Time High After Strong Earnings, OpenAI Deal And Analyst Praise

Zinger Key Points

CoreWeave shares surged to a new high, fueled by NVIDIA's holdings and raised price targets.
Strong Q1 revenue and a massive backlog indicate continued growth in AI infrastructure.
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CoreWeave Inc CRWV surged to a new all-time high Tuesday. Here’s why investors are focusing on the stock.

What To Know: The NVIDIA-backed company, which provides high-performance cloud infrastructure optimized for artificial intelligence workloads, has now gained 35% over the past week.

Investor enthusiasm was fueled by a 13F filing showing NVIDIA Corp NVDA holds over 24 million shares of CoreWeave. Analysts from JPMorgan, BofA and Needham raised their price targets, with some exceeding $76. JPMorgan's Mark Murphy raised his target to $66, and Needham's Mike Cikos lifted his to $78.

CoreWeave reported first-quarter revenue of $981.6 million, a 420% year-over-year increase, far above estimates. Though it posted a 60-cent per-share loss, the company raised its 2025 revenue forecast to $5.1 billion. It also announced $1.5 billion in senior notes due 2030 to fund operations and capital expenditures, which could reach $23 billion next year.

CoreWeave disclosed a $25.9 billion backlog and signed an additional $4 billion in contracts with OpenAI through 2029. Microsoft accounted for 72% of revenue in the first-quarter, up sharply from the year before.

Despite short-term volatility, analysts expect continued growth as CoreWeave expands its AI infrastructure services with major tech partners including Microsoft, Google and OpenAI.

Price Action: CoreWeave shares are trading higher by 4.51% to $90.41 during Tuesday’s session.

How To Buy CRWV Stock

By now you're likely curious about how to participate in the market for CoreWeave – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

According to data from Benzinga Pro, CRWV has a 52-week high of $90.74 and a 52-week low of $33.52.

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