Wall Street projects CoreWeave's revenue will grow 147% in 2026 and 97% in 2027, potentially reaching $25 billion（約4兆円） by end of 2027—but the AI infrastructure company must execute flawlessly to deliver profits.

What happened

CoreWeave, a neocloud company that rents GPU computing capacity to AI clients, is expected by Wall Street analysts to see revenue rise from $5.1 billion（約8200億円） at end of 2025 to nearly $25 billion（約4兆円） by end of 2027. Nvidia, which owns about 9% of CoreWeave, has invested heavily in the company.

Why it matters

Unlike established cloud providers, CoreWeave relies entirely on external funding and debt to build data centers—creating execution risk. However, if the company reaches profitability, mature cloud computing businesses typically achieve operating margins of 30% or higher, which could yield CoreWeave a 15% profit margin and roughly $4 billion（約6400億円） in profits on a $25 billion（約4兆円） revenue base. The company has a $100 billion（約16兆円） backlog to work through.

What to watch

CoreWeave must translate revenue growth into real profits before those valuations become feasible. Investors should expect continued large losses and massive capital spending as the AI infrastructure buildout continues.