CoreWeave (NASDAQ: CRWV) has seen its shares plummet 35% in the last three months due to concerns over its heavy investments in AI infrastructure and the potential loss of Meta Platforms (NASDAQ: META) as a customer. Recently, Meta announced plans to sell its excess AI data center capacity, which has raised fears among investors, considering that this partnership contributes significantly to CoreWeave’s $99.4 billion revenue backlog. CoreWeave’s deal with Meta, initially valued at $14.2 billion in 2025, expanded to $21 billion in 2026, totalizing over $35 billion through 2032.
Despite these challenges, analysts remain optimistic about CoreWeave’s long-term growth potential, bolstered by a significant shortage of dedicated AI data centers. Bank of America forecasts that data center power demand may exceed capacity additions by 100 gigawatts by 2030. Revenue projections anticipate a 147% increase by 2026, reaching $12.66 billion, which suggests CoreWeave could achieve substantial market cap growth, potentially quadrupling its value to $200 billion with the right conditions.
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