CoreWeave, Inc. has faced a sharp sell-off due to execution delays, high-interest debt, and revised FY25 guidance. Despite near-term headwinds, CRWV remains a critical AI infrastructure provider with a substantial revenue backlog and trades at a deep discount to peers. Current valuations appear overly pessimistic, failing to account for potential backlog expansion and future contract wins.
CoreWeave, Inc. endures a turbulent quarter but retains a Strong Buy rating due to intact AI tailwinds and positive forward catalysts. CRWV operational setbacks, including delayed data center buildouts and a $200M revenue shortfall, have pushed CY25 revenue guidance down to ~$5.1B. Despite skepticism, CoreWeave trades at a depressed ~5x CY26 revenue multiple, with a $55B backlog and 135% projected revenue growth for CY26 paving the way for >26% upside.
Shares of CoreWeave (CRWV) lost ground Monday after the cloud computing company said it would sell $2 billion in convertible senior notes.