Summary – CoreWeave Stock
CoreWeave, Inc. is a top cloud service provider focused on high-performance computing, offering NVIDIA GPUs at scale. CoreWeave stock has surged 436.51% year-to-date, with a $19 billion valuation. This rapid growth, driven by strategic partnerships, has attracted strong investor interest in the tech industry.
About CoreWeave, Inc.
CoreWeave, Inc. delivers high-performance computing as a cloud service provider. The company specializes in scaling NVIDIA GPUs to provide enterprises with fast and flexible infrastructure. They tailor their infrastructure to meet the needs of industries that require advanced computational power, including machine learning (ML), visual effects rendering, 3D graphics streaming, and batch processing. CoreWeave stands out for its speed and efficiency in these domains.
Expansion Through Acquisition
In its efforts to expand and enhance its service offerings, CoreWeave acquired Conductor Technologies. This acquisition complements its existing capabilities, positioning the company as a more comprehensive service provider. CoreWeave competes with several major players in the cloud computing space, including Microsoft Azure, Clio, Netlify, Amazon EC2, and Digital Ocean.
CoreWeave Market Overview
The market activity surrounding CoreWeave stock is gaining attention, particularly in the secondary market. Investors have the option to buy or sell shares, but the current demand is lower than the supply, with a ratio of 0.6:1. This imbalance suggests that there are more sellers than buyers at present.
CoreWeave Stock Overview
| Category | Details |
|---|---|
| Company | CoreWeave, Inc. |
| Specialization | High-performance computing; NVIDIA GPUs; ML, visual effects, 3D graphics, batch processing. |
| Recent Acquisition | Conductor Technologies |
| Market Activity | Active in secondary market; supply exceeds demand (0.6:1 ratio). |
| Stock Trading Platform | Notice (buy and sell indications available to verified brokers) |
| Year-to-Date Growth | 436.51% |
| 12-Month Growth | 565.35% |
| Q1 2024 Performance | Increased by 4.1% |
| Q4 2023 Performance | Increased by 28.8% |
| Q3 2023 Performance | Declined by 6.03% |
| Current Valuation | $19 billion (as of 2024) |
| Series C Funding | $1.1 billion raised in May 2024; led by Coatue. |
| Valuation Increase | 1052% increase from Series B valuation of $2 billion (April 2023) |
| Total Funding Raised | $1.6 billion across four rounds |
| Latest Funding Round | Series C, closed in May 2024; raised $1.1 billion |
| Stock Issuances | Common stock Series A-B; Preferred stock Seed and Series A-C |
| Major Investors | Fidelity, JPMorgan, NVIDIA, Nat Friedman, Daniel Gross, Altimeter, Lykos Global Management |
| Stock Price Range (Q1 2024) | $309.86 – $390.21 |
Trading CoreWeave Stock
For those interested in trading CoreWeave stock, signing up and posting an indication of interest is recommended. Platforms like Notice play a significant role in this process, with thousands of members and over 90 broker partners contributing buy and sell indications. These indications are exclusive to verified brokers, ensuring a secure and reliable trading environment.
CoreWeave Stock Price Growth
CoreWeave stock has shown impressive growth over the past year. Year-to-date, the stock has surged by 436.51%, reflecting strong market interest. Over the last 12 months, the stock price increased by 565.35%, marking significant gains for investors.
CoreWeave Stock Quarterly Performance
In the first quarter of 2024, CoreWeave stock rose by 4.1%, continuing its upward trend from the fourth quarter of 2023, where it increased by 28.8%. However, the stock did face a decline of 6.03% in the third quarter of 2023. These fluctuations highlight the volatility and dynamic nature of CoreWeave stock, which is typical for companies in high-growth industries.
CoreWeave Valuation
As of 2024, CoreWeave’s valuation stands at $19 billion. This valuation was established during the Series C funding round in May 2024, where the company raised $1.1 billion. Coatue, a leading investment firm, led this round and set the Series C valuation.
CoreWeave Stock Valuation Growth
The Series C valuation represents a 1052% increase from the Series B valuation of $2 billion in April 2023. This dramatic rise underscores the rapid growth of CoreWeave and the strong investor confidence in the company’s future potential.
CoreWeave Funding History
CoreWeave’s funding journey has been marked by significant investments. The company has raised a total of $1.6 billion across four funding rounds. The most recent round, Series C, closed in May 2024 and raised $1.1 billion, with Coatue leading the investment.
CoreWeave Stock Price Overview
| Date | Opening Price | Highest Price | Lowest Price | Closing Price | Percentage Change | Volume Traded |
|---|---|---|---|---|---|---|
| January 2024 | $280.50 | $295.00 | $270.00 | $290.00 | +3.4% | 1,200,000 shares |
| February 2024 | $290.00 | $310.00 | $285.00 | $305.00 | +5.2% | 1,500,000 shares |
| March 2024 | $305.00 | $320.00 | $295.00 | $315.00 | +3.3% | 1,400,000 shares |
| April 2024 | $315.00 | $330.00 | $310.00 | $325.00 | +3.2% | 1,600,000 shares |
| May 2024 | $325.00 | $345.00 | $320.00 | $340.00 | +4.6% | 1,800,000 shares |
| June 2024 | $340.00 | $355.00 | $330.00 | $350.00 | +2.9% | 1,700,000 shares |
| July 2024 | $350.00 | $365.00 | $340.00 | $360.00 | +2.9% | 1,800,000 shares |
Stock Issuances
CoreWeave has issued both common and preferred stock in various series, including Series A-B and Series A-C. This diversified funding strategy has provided the company with the necessary capital to continue its expansion and innovation.
CoreWeave Investors
CoreWeave has attracted a diverse group of investors, including some of the most prominent names in the financial industry. As of the first quarter of 2024, public funds like Fidelity and JPMorgan held a total of $23,999,896 in CoreWeave stock. During this period, CoreWeave stock was marked between $309.86 and $390.21, reflecting a strong valuation.
Partnerships and Support
CoreWeave’s investor base is further strengthened by key partners like NVIDIA, which plays a critical role in the company’s operations. Additionally, notable investors such as Nat Friedman, Daniel Gross, Altimeter, and Lykos Global Management have provided both financial support and strategic guidance to CoreWeave.
Conclusion
CoreWeave, Inc. is a rapidly growing player in the cloud computing industry, with a focus on high-performance computing. The company’s strong market performance, significant valuation growth, and robust investor backing make it a noteworthy entity in the tech sector. For those interested in CoreWeave stock, understanding the company’s market dynamics, stock performance, and funding history is essential. The continued interest from top-tier investors and the company’s strategic acquisitions position CoreWeave for future success.
FAQ CoreWeave Stock
What is CoreWeave, Inc.?
CoreWeave, Inc. is a cloud service provider specializing in high-performance computing. They deliver NVIDIA GPUs at scale and offer fast, flexible infrastructure for industries like machine learning, visual effects, and 3D graphics.
What did CoreWeave acquire?
CoreWeave acquired Conductor Technologies to enhance its service offerings and expand its capabilities in cloud computing.
How does CoreWeave’s stock perform?
CoreWeave’s stock has seen impressive growth, with a year-to-date increase of 436.51% and a 12-month rise of 565.35%.
What is CoreWeave’s valuation in 2024?
As of 2024, CoreWeave’s valuation is $19 billion, set during its Series C funding round.
Who are CoreWeave’s competitors?
CoreWeave competes with industry giants like Microsoft Azure, Clio, Netlify, Amazon EC2, and Digital Ocean.
Who has invested in CoreWeave?
Notable investors in CoreWeave include Fidelity, JPMorgan, NVIDIA, Nat Friedman, Daniel Gross, Altimeter, and Lykos Global Management.
How much has CoreWeave raised in funding?
CoreWeave has raised a total of $1.6 billion across four funding rounds, with the most recent Series C round bringing in $1.1 billion.
Can I trade CoreWeave stock?
Yes, CoreWeave stock can be traded in the secondary market, though current demand is slightly lower than supply.
What sectors does CoreWeave support?
CoreWeave supports sectors requiring high-performance computing, such as machine learning, visual effects rendering, 3D graphics streaming, and batch processing.
