Is CoreWeave Stock a Buy Now?

CoreWeave (NASDAQ: CRWV) stock got off to a slow start following its public debut just over three months ago, but share prices started jumping in May and rose nearly 4x at one point in mid-June. The stock currently sits up almost 280% from its IPO price. The price jump isn't surprising, considering that the cloud infrastructure provider is growing at a stunning pace thanks to the booming demand for artificial intelligence (AI) model training and inference.Investors' enthusiasm for CoreWeave stock is tied to the fact that the company rents out its graphics processing unit (GPU)-powered data centers to customers for running and deploying AI workloads. CoreWeave is seeing a phenomenal increase in its revenue in recent quarters, and it expects this remarkable growth to continue.Given the fact that the stock price is already up so much in such a short time, is CoreWeave still worth buying now? Let's see if an answer presents itself.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool