Where Will CoreWeave (CRWV) Stock Be in 1 Year?

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.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool