CoreWeave Shares Climb 342% Post-IPO, Valuing AI Cloud Provider at $67 Billion

New York, NY – CoreWeave, the AI cloud infrastructure provider backed by Nvidia, has seen its stock price soar by over 340% since its Nasdaq debut in March 2025. Trading under the ticker CRWV, the company's shares, initially priced at $40, recently reached approximately $137, reflecting strong investor confidence in the burgeoning artificial intelligence sector. This significant surge has propelled CoreWeave's market capitalization to an estimated $67 billion.

The impressive performance was highlighted by Ram Ahluwalia CFA, Lumida, who stated in a recent social media post, "> Stock is up 3x+ since IPO. 9x if you got in at the pre-ipo round." This indicates that early investors who participated in pre-IPO funding rounds have realized even more substantial gains, with some seeing returns as high as nine times their initial investment. The company had completed its IPO on March 28, 2025, raising $1.5 billion at an implied valuation of $23 billion.

CoreWeave specializes in providing high-performance GPU-based cloud solutions tailored for compute-intensive applications such as AI, machine learning, and rendering. Founded in 2017, the company has rapidly expanded its data center footprint, housing over 250,000 Nvidia GPUs by the end of 2024. Its strategic partnership with Nvidia and its focus on AI infrastructure have positioned it as a critical player in supporting the growing demand for AI workloads.

Financially, CoreWeave reported a substantial revenue increase of over 700% in 2024, reaching $1.92 billion, though it also recorded a net loss of $863.4 million during the same period. Microsoft stands as its largest customer, contributing approximately two-thirds of its revenue. The company has secured over $14.5 billion in debt and equity across 12 financing rounds to fuel its rapid expansion.

In recent strategic moves, CoreWeave announced its intention to acquire Core Scientific for $9 billion, a deal expected to close in the fourth quarter of 2025. Additionally, the company acquired Monolith in October 2025. Despite a reported $1 billion in insider stock sales during Q3 2025, the market continues to react positively to CoreWeave's growth trajectory and its pivotal role in the AI ecosystem.