Where Will CoreWeave Stock Be in 5 Years?

Cloud artificial intelligence (AI) infrastructure provider CoreWeave (NASDAQ: CRWV) witnessed a stunning increase in its stock price since going public just over five months ago. Shares of the company shot up a remarkable 133% since then, though the recent action suggests that investors have been booking profits following its phenomenal rise.Specifically, the stock has slipped 50% from the 52-week high it hit on June 20. CoreWeave's recent slip can be attributed to a combination of its planned all-stock acquisition of Core Scientific, its recent quarterly results in which the company delivered a bigger-than-expected loss, and the expiration of the post-IPO (initial public offering) lock-up period, which allowed insiders to sell the stock.However, this recent decline is an opportunity in disguise for savvy investors looking to buy a growth stock at a relatively cheap valuation, especially considering the terrific growth CoreWeave could clock over the next five years.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool