CoreWeave (CRWV) Stock Hits All-Time High Amid AI Momentum, Strategic Deals

Shares of CoreWeave Inc CRWV rose 5.6% to $113.70 Thursday afternoon, hitting an all-time high of $116.54 earlier in the session. The AI infrastructure company has surged since going public in March, driven by strong earnings, major partnerships and analyst rating updates. Shares are up roughly 194% over the past month.

What To Know: Investor enthusiasm has spiked after CoreWeave’s first-quarter revenue came in at $981.6 million, a 420% year-over-year increase and well above estimates. CoreWeave additionally has guided for $4.9 billion to $5.1 billion in full-year revenue.

The company has also disclosed a strategic deal with OpenAI, contributing to an $11.2 billion revenue backlog. OpenAI committed up to $4 billion through April 2029 for access to CoreWeave's cloud computing services.

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Adding to the momentum, NVIDIA Corp NVDA recently revealed a 24.18 million-share stake in CoreWeave, fueling speculation and investor interest. The company also announced a $2 billion senior notes offering due in 2030, upsized from an initial $1.5 billion.

Despite mixed analyst ratings, including a Neutral from Citigroup, price targets have climbed as high as $94. Needham reiterated a Buy rating on CoreWeave with a $55 price target, citing strong first-quarter results, raised full-year guidance, and accelerating demand for AI infrastructure.

Needham highlighted the company's effective strategy in securing GPUs and data center power, suggesting the market may be underestimating the long-term value of CoreWeave's infrastructure investments.

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How To Buy CRWV Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in CoreWeave’s case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, CRWV has a 52-week high of $116.54 and a 52-week low of $33.52.

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