Where Will CoreWeave Stock Be in 5 Years?
Article excerpt
CoreWeave’s $104 billion revenue backlog shows strong demand for its AI computing capacity. The company spent far more on property and equipment than it generated from operations last quarter. I expect an AI spending slowdown and borrowing costs to weigh on the stock over the next five years. A number like $104 billion is pretty big -- especially when that's how much revenue you have in your backlog. CoreWeave (NASDAQ: CRWV) buys advanced chips from Nvidia, installs them in data centers, and rents out computing power to the companies building and running artificial intelligence (AI). The company had $104 billion in its backlog at the end of June. These remaining performance obligations (RPO) are a big part of why so many investors still see the neocloud as a huge opportunity even with its stock up 115% from its 2025 initial public offering (IPO). So, are these bullish investors right? Missed AI’s "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our analysts, we’re only at the end of "Act 1" - the R&D phase. "Act 2" is the global rollout. Continue » Demand is clearly still strong, but delivering on that RPO takes an incredible amount of money. So, what does the future hold for CoreWeave? And where will CoreWeave stock be in five years? CoreWeave is growing like crazy. The company brought...
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In its last quarter, CoreWeave generated $679 million in cash from operations but spent $6.4 billion on property and equipment.
