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CoreWeave, Inc. (CRWV) has seen a significant stock increase of 229.9% over the past six months, compared to the Zacks Internet-Software Market’s gain of 38.9% and the S&P 500’s growth of 29.4%. The company went public in March 2025 and has introduced CoreWeave AI Object Storage, a managed service that utilizes its Local Object Transport Accelerator (LOTA) technology, allowing global dataset accessibility without egress fees. CoreWeave currently has 2.2 GW of contracted power, with expectations to exceed 900 MW of active power by year-end.
Recently, CRWV secured a $6.3 billion deal with NVIDIA and expanded its agreement with OpenAI valued up to $6.5 billion, bringing its total contract value with OpenAI to approximately $22.4 billion. Additionally, a new agreement with Meta may lead to payments of up to $14.2 billion through 2031, contingent on certain conditions. However, CoreWeave faces challenges, including a heavy debt load of $25 billion, which has driven interest expenses significantly higher, leading to a net loss of $291 million in the second quarter.
Despite robust revenue growth, CoreWeave’s estimates are on a downward trend, with earnings for 2025 revised down by 2.65% in the past 60 days. The company’s valuation metrics indicate it may be overvalued, trading at 23.36X Price/Book above the industry average of 6.65X.
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