CoreWeave Inc-A(US:CRWV) 智通财经网·2025-11-28 07:26Core Insights - Bridgewater, the world's largest hedge fund, made an unexpected investment of $37 million in 270,556 shares of CoreWeave (CRWV.US), despite founder Ray Dalio's warning about a bubble in the AI sector [1] - Dalio emphasized the importance of portfolio diversification, particularly into assets like gold, as the AI sector's current valuations are significantly above intrinsic values [1] - CoreWeave focuses on building AI-specific data centers and has a close partnership with Nvidia, aligning with the increasing demand for computational power in AI development [1] CoreWeave's Financial Performance - CoreWeave reported Q3 revenue of $1.36 billion, a 134% year-over-year increase, surpassing market expectations of $1.29 billion [2] - The company provided a full-year revenue guidance of $5.05 billion to $5.15 billion, which fell short of analyst predictions of $5.29 billion due to delays in third-party data center developments [2] - CoreWeave's net loss narrowed from $360 million in the previous year to $110 million, with management expecting most construction delays to be resolved by Q1 2026 [3] Business Model and Contracts - CoreWeave's core business involves renting Nvidia chips to AI development companies, including major clients like Google and Microsoft [3] - The company secured significant contracts, including a $6.5 billion expansion with OpenAI and a six-year agreement with Meta valued at $14.2 billion [3] - To reduce reliance on external developers, CoreWeave is constructing its own data centers in Pennsylvania, with capital expenditures expected to exceed $12 billion to $14 billion in 2026 [3] Analyst Ratings and Future Projections - Analysts predict CoreWeave's revenue will grow from $5.12 billion in 2025 to $28 billion by 2028, with adjusted earnings per share expected to turn from a loss of $1.37 to a profit of $4.01 [4] - The stock is considered undervalued, with a potential upside of 70% based on a 30x forward P/E ratio, which is reasonable for the tech sector [4] - Among 28 analysts covering CoreWeave, 13 rated it as a "strong buy," 1 as "moderate buy," 13 as "hold," and 1 as "strong sell," with an average target price of $131.23, significantly above the current price of approximately $73 [4]