CoreWeave is the largest independent GPU cloud provider, offering specialized infrastructure for AI training and inference workloads. The company went public in March 2025 at $40/share and quickly surged as AI compute demand exceeded expectations. Revenue grew 737% YoY in Q4 2024 to $1.1B quarterly. $14B+ in committed customer contracts provide revenue visibility. The Microsoft partnership (60%+ of revenue) and NVIDIA (strategic investor) anchor the business. The bear case: massive debt ($14B+) with revenue concentrated in a few hyperscaler customers.
Revenue grew 737% YoY in Q4 2024 to approximately $1.1B quarterly run rate