CoreWeave, Inc. (CRWV): A Bull Case Theory

We came across a bullish thesis on CoreWeave, Inc. on Stock Analysis Compilation’s Substack. In this article, we will summarize the bulls’ thesis on CRWV. CoreWeave, Inc.'s share was trading at $126.05 as of July 23^rd.

CoreWeave, a next-generation cloud provider purpose-built for generative AI, is rapidly scaling its business, securing major enterprise and hyperscaler contracts, and positioning itself as a leader in GPU-accelerated infrastructure. Unlike legacy providers, CoreWeave has designed its platform specifically for AI workloads, offering elastic, low-latency compute at lower costs. The company’s early pivot from crypto mining enabled it to secure scarce cutting-edge GPUs and develop a deep partnership with Nvidia, making it a preferred partner for top AI developers such as OpenAI and Mistral.

This strategic positioning is evident in its first earnings report post-IPO, where Q1 revenues of $982 million surged 420% year-over-year and adjusted operating income rose 550%, both materially ahead of expectations. Forward visibility is robust with a revenue backlog of $25.9 billion, up 63% year-over-year, underpinned by long-term deals like a five-year, $11.9 billion agreement with OpenAI. The recent acquisition of developer platform Weights & Biases brings 1,400 leading AI labs and enterprises into its ecosystem, further deepening client reach.

Management is aggressively investing, with over $20 billion in CAPEX planned for 2025 to meet soaring demand, including being the first to deploy Nvidia’s GB200 Grace Blackwell systems at scale. Full-year revenues are guided to $5 billion, with operating leverage expected to drive adjusted operating margins to 27–28% by 2027 from roughly 17% today. With accelerating topline growth, expanding margins, a differentiated AI-first architecture, and entrenched relationships, CoreWeave stands poised for significant earnings growth and increasing market share as AI adoption accelerates.

Previously we covered a bullish thesis on CoreWeave, Inc. (CRWV) by Simple Investing in June 2025, which highlighted its pivot from crypto mining, deep Nvidia partnership, and revenue visibility from long-term take-or-pay contracts. The company’s stock price has depreciated approximately by 6.66% since our coverage. The thesis still stands as CoreWeave’s AI-first architecture and Nvidia alignment remain intact. Stock Analysis Compilation shares a similar view but emphasizes accelerating growth and margin expansion.

CoreWeave, Inc. is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 36 hedge fund portfolios held CRWV at the end of the first quarter which was 0 in the previous quarter. While we acknowledge the potential of CRWV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

Disclosure: None.