Down 50%, Is CoreWeave a Buy on the Dip?

Investors have found another way to bet on the success of artificial intelligence (AI) powerhouse Nvidia (NASDAQ: NVDA), and that's been through buying shares of CoreWeave (NASDAQ: CRWV). This new-to-the-market tech company -- it completed its initial public offering (IPO) in March -- offers customers access to a huge fleet of Nvidia's top-performing AI chips, and this has helped its revenue soar. Nvidia has shown that it's a believer in CoreWeave's potential too, as the company has invested in CoreWeave stock. In fact, Nvidia holds $3.96 billion in CoreWeave shares, making this the top holding in the chip designer's stocks portfolio.All of this helped CoreWeave's shares climb more than 350% from their IPO in March through a peak in June. But from that peak, the stock has since declined about 50% as some investors worry about a billion-dollar acquisition that CoreWeave announced a couple of months ago and a recent deeper-than-expected quarterly loss. Is CoreWeave a stock to buy on the dip or one to avoid? Let's find out.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool