CoreWeave (CRWV) has emerged as one of the biggest names in artificial intelligence (AI) infrastructure after starting out as a small graphics processing unit (GPU) company. As demand for high-performance computing has surged, the company has transformed itself into a key provider of cloud infrastructure tailored to AI workloads.
However, investor sentiment has been far from steady. Questions around valuation, spending, and the pace of expansion have pushed the stock sharply in both directions over recent months. Even so, Wall Street appears to be warming to the story again.