
420% Revenue Jump?! Goals!
Okay dolls so I was reading about this company called CoreWeave and like their revenue jumped 420%?!! That's almost as much as my makeup collection has grown since like 2015. Seriously though they're saying their revenue was $981.6 million. That's a LOT of lip kits people! It's giving serious 'rise and shine' vibes for the AI world. But also is anyone else getting déjà vu from 2024 when they grew 737%?! I mean wow!
Stock Dips? Is That You Tyga?
But here's the tea: even though they're making bank their stock kinda took a tumble after the initial excitement. Down 5%? Ouch. Feels like when I accidentally spill my iced latte. They're blaming it on like losses and stock based compensation. Honestly I don't know what half of that means but it sounds expensive. But you know what as they say 'This is gonna be the year!'
Billions Baby! We Talkin' Serious Money!
CoreWeave is predicting like $4.9 billion to $5.1 billion in revenue for 2025. That's a whole lotta contour! And they're planning to spend $20 billion to $23 billion on like infrastructure. I wonder if that includes a private jet with a built in glam room? Because if it does I’m so in! I am truly inspired to take on the world like wow.
OpenAI Drama: I'm Not Mad Just Disappointed...
So CoreWeave got this *major* deal with OpenAI for like almost $12 billion. That's more than I've spent on handbags... almost. But apparently OpenAI still relies heavily on Microsoft? A little competition never hurt anyone right? I mean maybe I should launch my own AI company... Kylie AI? Has a ring to it right?
Diversifying? Sounds Like My Dating Life!
They're also trying to diversify their clients because like relying on one source is SO last season. CoreWeave wants to be the engine for *everyone's* company. That's kinda cute. I am ready to stop living my life in the passenger seat!
Power Up! More Than Double You Guys!
Okay so here's the thing: all this growth depends on power. Like electrical power not Kylie Jenner power (though that helps too obvi). They're adding tons of new power for their data centers and expecting to have deployed power more than double by the end of the year. I mean that's great but I'm more concerned about having enough power to charge my phone after posting a TikTok. Priorities people!
Comments
- No comments yet. Become a member to post your comments.