Where Will CoreWeave (CRWV) Stock Be in 1 Year?
2026-02-09 12:23:00 ET
CoreWeave (NASDAQ: CRWV) , a provider of cloud-based AI infrastructure services, went public last March at $40 per share. Today, it trades at nearly $100. Let's see why this stock skyrocketed, and where it might head over the next 12 months.
CoreWeave was originally an Ethereum (CRYPTO: ETH) mining company, but it abandoned that business model after the 2018 cryptocurrency crash. It subsequently repurposed those GPUs to run AI tasks remotely. In 2022, it spent $100 million on Nvidia 's (NASDAQ: NVDA) H100 data center GPUs to support that expansion. It also leveraged those GPUs as collateral to secure additional financing to purchase even more GPUs and open new data centers.
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