CoreWeave Just Revealed the Largest-Ever Nvidia Blackwell GPU Cluster. Should You Buy CRWV Stock?
CoreWeave (CRWV) has steadily built a name for delivering a purpose-built cloud platform tailored to handle the heavy lifting of large-scale AI workloads with unwavering performance and reliability.
As evidence of this, in early June, Coreweave announced record-shattering MLPerf Training v5.0 results using Nvidia’s (NVDA) powerful GB200 Grace Blackwell chips.
A total of 2,496 Blackwell GPUs ran on CoreWeave’s AI-optimized cloud, forming the largest-ever GB200 NVL72 cluster benchmarked under MLPerf. That figure stood 34 times larger than the only other cloud provider’s submission, sending a strong message to the market about CoreWeave’s scalability and dominance.
In a space where performance speaks, these MLPerf results reinforce CoreWeave’s standing as a serious force behind the infrastructure powering today’s most demanding AI breakthroughs.
Nestled in Livingston, New Jersey, CoreWeave (CRWV) is transforming the cloud computing world with a market cap now standing at $81.6 billion. From GPU and CPU compute to robust storage, high-speed networking, managed services, and servers, the company covers the entire spectrum of modern cloud needs.
After making its public debut in March, CoreWeave has turned heads on Wall Street. Its shares have skyrocketed by nearly 112% in just one month, with a 13.6% leap in the past five days alone. This kind of performance signals conviction, both from the company and the market.
At present, CRWV trades at 29.2 times sales, a figure that sits well above the broader industry average. While that premium might raise eyebrows, it also speaks volumes about investor belief in the firm’s role as a frontrunner in AI infrastructure.
On May 14, CoreWeave reported its Q1 2025 earnings. Revenue surged 420.3% year over year to $981.6 million, outpacing Wall Street’s estimate of $852.3 million. Adjusted operating income climbed 549.6% to $162.6 million, while adjusted EBITDA also saw a 479.8% jump from the prior year’s quarter, landing at $606.1 million.
But the path to scale came with its setbacks. Adjusted net loss rose 534.8% to $149.6 million. Meanwhile, net loss per share widened 140.3% to $1.49, far higher than the $0.16 forecast by analysts. Still, the balance sheet showed strength, with total current assets increasing to $3.1 billion by quarter-end, up from $1.9 billion on Dec 31, 2024.
Also, in a strong show of support, Nvidia has raised its post-IPO stake in CoreWeave to 7%. This vote of confidence from the chip giant has given investors reason to stay bullish, signaling belief in CoreWeave’s role in the rapidly expanding AI infrastructure landscape.
Management has also painted a bold picture for the road ahead. It has guided Q2 revenue between $1.06 billion and $1.1 billion, with adjusted operating income expected to range from $140 million to $170 million. CapEx for Q2 is projected between $3 billion and $3.5 billion, reflecting a strategy to accelerate platform investments and meet growing demand.
Furthermore, CoreWeave expects full-year 2025 revenue between $4.9 billion and $5.1 billion, adjusted operating income of $800 million to $830 million, and CapEx ranging from $20 billion to $23 billion. The outlook accounts for the March contract with OpenAI, the $4 billion expansion with a large AI enterprise, and the added impact of Weights & Biases.
Analysts expect the Q2 2025 loss per share to widen 100.1% year over year to $0.49. For the full fiscal year, loss per share is forecast to widen again by 100.2% to $2.14.
However, 2026 could mark a turning point, with loss per share expected to narrow 73.8% to $0.56. While the company remains in the red for now, its aggressive positioning and deep entrenchment in the AI ecosystem suggest that CoreWeave could emerge as one of the biggest beneficiaries of the next wave of technological transformation.
CRWV continues to hold its ground in the market with notable conviction, earning a “Moderate Buy” consensus. Among the 19 analysts tracking the stock, five are all in with a “Strong Buy,” one sides with a “Moderate Buy,” while 12 are treading carefully with a “Hold.” Only one voices a “Strong Sell,” underscoring a cautious yet constructive stance.
What is particularly striking is CRWV’s current trading price, which is just 9% below its Street-high target of $185.
On the date of publication, Aanchal Sugandh did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com