Aanchal Sugandh
4 min read
In This Article:
CoreWeave (CRWV) has steadily built a name for delivering a purpose-built cloud platform tailored to handle the heavy lifting of large-scale AI workloads with unwavering performance and reliability.
As evidence of this, in early June, Coreweave announced record-shattering MLPerf Training v5.0 results using Nvidia’s (NVDA) powerful GB200 Grace Blackwell chips.
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A total of 2,496 Blackwell GPUs ran on CoreWeave’s AI-optimized cloud, forming the largest-ever GB200 NVL72 cluster benchmarked under MLPerf. That figure stood 34 times larger than the only other cloud provider's submission, sending a strong message to the market about CoreWeave’s scalability and dominance.
In a space where performance speaks, these MLPerf results reinforce CoreWeave’s standing as a serious force behind the infrastructure powering today’s most demanding AI breakthroughs.
Nestled in Livingston, New Jersey, CoreWeave (CRWV) is transforming the cloud computing world with a market cap now standing at $81.6 billion. From GPU and CPU compute to robust storage, high-speed networking, managed services, and servers, the company covers the entire spectrum of modern cloud needs.
After making its public debut in March, CoreWeave has turned heads on Wall Street. Its shares have skyrocketed by nearly 112% in just one month, with a 13.6% leap in the past five days alone. This kind of performance signals conviction, both from the company and the market.
At present, CRWV trades at 29.2 times sales, a figure that sits well above the broader industry average. While that premium might raise eyebrows, it also speaks volumes about investor belief in the firm’s role as a frontrunner in AI infrastructure.
On May 14, CoreWeave reported its Q1 2025 earnings. Revenue surged 420.3% year over year to $981.6 million, outpacing Wall Street’s estimate of $852.3 million. Adjusted operating income climbed 549.6% to $162.6 million, while adjusted EBITDA also saw a 479.8% jump from the prior year’s quarter, landing at $606.1 million.
But the path to scale came with its setbacks. Adjusted net loss rose 534.8% to $149.6 million. Meanwhile, net loss per share widened 140.3% to $1.49, far higher than the $0.16 forecast by analysts. Still, the balance sheet showed strength, with total current assets increasing to $3.1 billion by quarter-end, up from $1.9 billion on Dec 31, 2024.
