CoreWeave Inc-A(US:CRWV) ZACKS·2026-01-27 21:31Market Overview - The S&P 500 is reaching new record highs, driven by technology and AI stocks as investor risk appetite improves [1] - Investors are rotating back towards higher-beta exposures linked to AI infrastructure development [1] Company Highlights: CoreWeave - CoreWeave has secured a $2 billion capital injection from Nvidia to accelerate its expansion, aiming to scale its AI data-center footprint to approximately 5 gigawatts by 2030 [3] - CoreWeave operates over 250,000 GPUs across more than 30 data centers, significantly outpacing Iren Limited in terms of current scale [10] - Revenue for CoreWeave is projected to grow by over 125% next year, with total sales expected to be nearly five times larger than IREN's [11] Company Highlights: Iren Limited - IREN is expected to grow revenue by approximately 120% this year and another 151% next year, driven by demand for AI and high-performance computing [5] - IREN has secured a $9.7 billion contract with Microsoft and is developing five AI clusters across North America [5] - IREN's flagship asset, Sweetwater 1, is a 1.4-gigawatt site scheduled for completion by April, contributing to a broader 3-gigawatt power portfolio [7] Competitive Analysis - IREN's market capitalization is approximately $14 billion, while CoreWeave's market cap stands at $38 billion, indicating CoreWeave's dominance in scale [14] - IREN offers a more power-secured and capital-efficient growth profile, potentially leading to greater upside if execution remains on track [14] - Valuation metrics show IREN trading at roughly 5x sales, while CoreWeave trades closer to 3.3x, reflecting differing growth profiles and market positions [15] Technical Analysis - Both IREN and CoreWeave have recently broken out from well-defined bases, indicating bullish continuation patterns and strong upside momentum [8][12] - IREN shares rose nearly 9% following initial concerns about competition from CoreWeave, demonstrating resilience and renewed buyer interest [4]