Is CoreWeave Inc. (CRWV) One of the Best Performing New Tech Stocks to Invest In?

CoreWeave Inc. (NASDAQ:CRWV) is one of the best performing new tech stocks to invest in. On October 1, Northland Securities analyst Nehal Chokshi reiterated a Buy rating on CoreWeave and set a price target of $165.00. The rating came ahead of CoreWeave’s Q3 2025 earnings report. As for Q2, the company marked a milestone by hitting both $1 billion in revenue and $200 million in adjusted operating income in the same quarter. The contracted backlog totaled $30.1 billion, which represented an increase of $4 billion from Q1 and a doubling of the figure year-to-date. Despite the strong top-line growth, the company reported a net loss of $291 million for the quarter, though this was an improvement from the $323 million net loss reported in Q2 2024. High operating expenses totaled $1.2 billion and contributed to this loss. Furthermore, interest expense increased to $267 million due to increased debt taken on to finance the scaling of infrastructure. CoreWeave is now expanding its AI infrastructure to meet the rising demand. The company is on track to deliver over 900 megawatts of active power by the end of the year. CoreWeave Inc. (NASDAQ:CRWV) is a cloud platform that provides scaling, support, and acceleration for GenAI. The company builds the infrastructure that supports compute workloads for enterprises. 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: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.