What does CoreWeave do?

CoreWeave provides AI-optimized cloud infrastructure services. It operates 49 data centers and supports more than 250,000 Nvidia GPUs. Its servers can handle advanced AI workloads 35 times faster and 80% cheaper than larger cloud platforms like AWS and Microsoft Azure.

Is CoreWeave profitable?

No. CoreWeave's net loss widened from $31 million（約50億円） in 2022 to $1.2 billion（約1900億円） in 2025, and analysts expect it to nearly double to $2.2 billion（約3500億円） by 2028. The company also ended its latest quarter with $50.8 billion（約8.1兆円） in total liabilities and a debt-to-equity ratio of 10.8.

Who are CoreWeave's main customers?

CoreWeave's largest customers include Microsoft, Meta, OpenAI, Anthropic, Nvidia, and the quantitative trading firm Jane Street.

Back to articles

CoreWeave Stock Falls 55% from Peak as Investors Worry About Rising Rates

Yahoo Finance AI14h ago5 min read

Key takeaway

CoreWeave, an AI infrastructure provider that went public in March 2025, has fallen sharply from its record high as investors worry about potential interest rate hikes in late 2026 and increased competition. The company is growing revenue rapidly—from $16 million（約26億円） in 2022 to $5.1 billion（約8200億円） in 2025—but remains unprofitable and carries a high debt load, making it vulnerable to higher borrowing costs. Whether the stock pullback offers a buying opportunity depends on whether CoreWeave can convert its $99.4 billion（約16兆円） order backlog into profits before interest rates rise.

Summaries like this, in your inbox every morning.

3 Key Points

What happened
CoreWeave, a provider of AI infrastructure services, went public at $40 per share on March 28, 2025, reached a record high of $183.58 by June 20, but has since fallen to around $82. The pullback reflects investor concerns about potential interest rate hikes in the second half of 2026 and competition from other cloud providers.
Why it matters
CoreWeave is growing fast—revenue surged from $16 million（約26億円） in 2022 to $5.1 billion（約8200億円） in 2025, with a backlog of $99.4 billion（約16兆円） at the end of the first quarter of 2026. But the company is not yet profitable, with net losses widening from $31 million（約50億円） in 2022 to $1.2 billion（約1900億円） in 2025. Higher interest rates make it more expensive for the company to borrow money for expansion, which is critical for its growth strategy.
What to watch
Analysts expect CoreWeave's annual revenue to grow at a three-year CAGR of 99% to reach $40.3 billion（約6.4兆円） in 2028, but they also expect net losses to nearly double to $2.2 billion（約3500億円） by then. The stock trades at 3.5 times 2025 sales, or 6.8 times when debt is included. The company's ability to lock in more customers and achieve economies of scale will be key to whether the recent pullback presents a buying opportunity.

FAQ

What does CoreWeave do?: CoreWeave provides AI-optimized cloud infrastructure services. It operates 49 data centers and supports more than 250,000 Nvidia GPUs. Its servers can handle advanced AI workloads 35 times faster and 80% cheaper than larger cloud platforms like AWS and Microsoft Azure.
Is CoreWeave profitable?: No. CoreWeave's net loss widened from $31 million（約50億円） in 2022 to $1.2 billion（約1900億円） in 2025, and analysts expect it to nearly double to $2.2 billion（約3500億円） by 2028. The company also ended its latest quarter with $50.8 billion（約8.1兆円） in total liabilities and a debt-to-equity ratio of 10.8.
Who are CoreWeave's main customers?: CoreWeave's largest customers include Microsoft, Meta, OpenAI, Anthropic, Nvidia, and the quantitative trading firm Jane Street.

Discussion

No discussion yet for this article

Stay ahead with AI news

Get curated AI news from 200+ sources delivered daily to your inbox. Free to use.

Get Started Free

Free · takes 30 seconds · unsubscribe anytime

1 minute a day. The AI essentials.

200+ sources · Email / LINE / Slack

Get it free →