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Artificial intelligence (AI) is triggering an infrastructure race, and companies that can deliver the computing power behind the AI boom are sitting in an enviable spot. That is where CoreWeave (CRWV) comes in. The specialized cloud provider is riding demand for AI computing, backed by hefty customer commitments and a growing revenue backlog.
CoreWeave’s stock has been falling hard, and CRWV recently hit a low of $57.24 amid mounting anxiety over its debt load approaching $50 billion, bond yields climbing above 15%, and a broader selloff in AI infrastructure stocks. Apparently, investors love the AI boom until they see the bill for building it.
