
A Hare Raising Start!
Well whaddaya know? Seems like CoreWeave's got folks hoppin' mad with excitement! This AI company's stock jumped a whopping 56% in just five days. That's faster than I can dig a hole to Pismo Beach! Their market cap's over $37 billion now. That's a lotta carrots Doc!
Revenue Rocket Ride!
They say the early bird gets the worm but CoreWeave's been eatin' somethin' else! They reported a 420% revenue growth in their first earnings report. 420%! Holy Toledo! That's more than Elmer Fudd's chances of catchin' me. And their guidance surpassed full year expectations. 'Sufferin' succotash,' as Sylvester would say these guys are killin' it!
Nvidia Nabs a Nibble
And get this folks: Nvidia the big cheese in the graphics card game holds a 7% stake in CoreWeave. Worth about $2 billion after this week's jump. That's a whole lotta green! Makes ya wonder what they see in this little AI outfit. Maybe they're just hopin' to get a carrot or two themselves eh?
Standin' Out From The Crowd
In a market that's been drier than the Sahara CoreWeave's like a big juicy carrot in the desert. They're the first pure play AI IPO which means they're giving investors a chance to bet on this whole generative AI craze. You know that ChatGPT stuff that's got everyone talkin'.
Big Deals and Senate Steals
Turns out CoreWeave and OpenAI made a four year deal worth up to $4 billion. And last week CoreWeave's CEO Mike Intrator went to Washington D.C. to yap with the Senate along with OpenAI's Sam Altman AMD's Lisa Su and Microsoft's Brad Smith. Must've been a real hootenanny! I bet there were more suits there than in Yosemite Sam's wardrobe!
Is It Just a Fad?
So the big question is: is CoreWeave the real McCoy or just a flash in the pan? 'Of course you realize this means war!' Whether they sustain this growth remains to be seen but for now they're doin' a mighty fine jig. Time will tell if they can keep hoppin' all the way to the bank or if they'll end up like a carrot left out in the sun... withered and forgotten. Eh let's hope not! I need a good carrot source!
a1readsite
Is AI really the future, or are we just being hyped up?