Nvidia (NASDAQ: NVDA) reported a 69% increase in sales to $44 billion for the first quarter of 2025, driven by strong demand for AI infrastructure. The company’s non-GAAP earnings rose 33% to $0.81 per diluted share. Despite positive forecasts with expected earnings growth of 40% annually through fiscal year 2027, hedge fund manager Philippe Laffont of Coatue Management sold 1.4 million shares, reducing his stake by 15%.
In contrast, Laffont purchased 14.4 million shares of CoreWeave (NASDAQ: CRWV), which has surged 300% since its IPO on March 28, 2025. CoreWeave reported a remarkable 420% boost in revenue, reaching $981 million, although it faced a non-GAAP net loss of $150 million. The company’s revenue backlog also climbed 63% to $26 billion due in part to contracts with OpenAI.
Analysts have set a median target price for Nvidia at $175 per share, indicating a potential 13% upside from its current price of $155, while CoreWeave’s valuation stands at a significant 29 times sales, cautioning potential investors regarding its high cost.
