CoreWeave and Nvidia Surge Amid AI Demand
CoreWeave, a provider of AI cloud infrastructure, reported a 420% increase in revenue year-over-year in Q1, driven by the high demand for AI computing power. Its revenue reached $981.6 million with expectations to rise to $1.1 billion in Q2. The company is expanding operations through the acquisition of Core Scientific, a digital asset mining firm, to enhance its capacity for AI processing.
In parallel, Nvidia’s revenue grew 69% to $44.1 billion in its first fiscal quarter, ending January 2026. The company anticipates continued growth, projecting $45 billion in Q2. Nvidia’s innovations in its GPU technology and the establishment of AI factories are significant contributors to its success, resulting in a record total revenue of $130.5 billion in fiscal 2025.
As companies like Meta and Microsoft utilize CoreWeave’s AI infrastructure, the competitive landscape intensifies. Nvidia, being highly profitable and a leader in the AI sector, is positioned favorably among investors compared to CoreWeave.
