Is This Monster Artificial Intelligence (AI) Stock -- a 251% Gainer Since Its IPO Earlier This Year -- Becoming Wall Street's Next Meme Stock?
Shares of CoreWeave are up 251% since its IPO in March, and the stock could keep climbing.
When it comes to artificial intelligence (AI) chip stocks, names such as Nvidia, Broadcom, Advanced Micro Devices, and Taiwan Semiconductor Manufacturing dominate the talking points among financial circles.
These companies are at the forefront of designing and manufacturing advanced chipsets known as graphics processing units (GPUs). While investing in semiconductor stocks has generally been a great idea over the last two years, the stocks above have taken a bit of a breather during 2025. Uncertainty around tariff negotiations and particularly exposure to China have investors trimming their gains and looking elsewhere for now.
One opportunity that has emerged as a new favorite among chip stocks is CoreWeave (NASDAQ: CRWV), which went public back in March. Since the initial public offering, shares of CoreWeave have rocketed by 251% as of the closing bell on June 6.
