Cloud and artificial intelligence (AI) infrastructure company CoreWeave (CRWV) is up 78.65% this year as demand for AI computing power continues to surge. The company has been thriving, as structural constraints in traditional cloud supply, especially as demand for GPU-accelerated compute continues to grow. This is also driving a fundamental shift in computational architecture.
Neocloud platforms, like CoreWeave’s, are capturing market share to meet demand for AI infrastructure. According to one estimate, the neocloud market will approach $400 billion by 2031, representing a massive 58% CAGR.
