1 Reason to Stay Away From CoreWeave Stock
AI infrastructure darling CoreWeave (NASDAQ: CRWV) had a rough start as a publicly traded company earlier this year when it debuted, but since then, the stock has been off to the races. Trading around $180 per share today, CoreWeave stock has more than tripled from its initial public offering (IPO) price. Unwavering demand for AI computing capacity and a major deal with OpenAI and Alphabet have seemingly erased any trepidation on the part of investors.As with any high-flying stock, valuation isn't something to be ignored. While CoreWeave is having a moment, investors should tread carefully.Image source: Getty Images.Continue reading
AI infrastructure darling CoreWeave (NASDAQ: CRWV) had a rough start as a publicly traded company earlier this year when it debuted, but since then, the stock has been off to the races. Trading around $180 per share today, CoreWeave stock has more than tripled from its initial public offering (IPO) price. Unwavering demand for AI computing capacity and a major deal with OpenAI and Alphabet have seemingly erased any trepidation on the part of investors.
As with any high-flying stock, valuation isn't something to be ignored. While CoreWeave is having a moment, investors should tread carefully.
Image source: Getty Images.
