A $6.3 Billion Reason to Buy CoreWeave Stock Now

Core View - CoreWeave (CRWV) shares surged nearly 8% on September 15 after announcing a $6.3 billion order from Nvidia (NVDA), which includes a commitment to purchase any unsold capacity through April 2032, highlighting the strategic partnership between the two companies [1][3] Financial Performance - CoreWeave reported a revenue increase of 207% year-over-year (YOY) to $1.2 billion in its second-quarter results, exceeding expectations, while its backlog reached $30.1 billion as of June 30 [8] - Despite a negative bottom line, the company is experiencing steady revenue growth, supported by high-profile clients like OpenAI [2] Market Position - CoreWeave, founded in 2017 and headquartered in Livingston, New Jersey, has become a leading provider of GPU-optimized cloud infrastructure for AI training and inference, with a market capitalization of approximately $59 billion [4] - The stock debuted at $40 per share during its March 2025 IPO and peaked at $187 on June 20, driven by strong investor interest in AI opportunities [5] Stock Performance - Following the Nvidia deal, CRWV stock closed at $120.47 per share after a 7.6% increase on September 15, with an overall rise of 8% over the past five days and 25% over the past month [6] - The stock is currently trading at 16.8 times forward sales, indicating a premium compared to its peers [7]