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

We came across a bullish thesis on CoreWeave, Inc. on wallstreetbets subreddit by Xtianus21. In this article, we will summarize the bulls’ thesis on CRWV. CoreWeave, Inc.'s share was trading at $141.74 as of October 16th.

CoreWeave (CRWV) is uniquely positioned in the high-performance cloud computing space, with a substantial advantage driven by its scale and operational readiness. The company is expected to bring over 900 MW of active power online by year-end 2025, significantly exceeding current guidance and implying a potential Q4 revenue of ~$2.32 billion, compared with guidance of $1.66–$1.90 billion. This upside of 22–40% highlights the market’s underestimation of the revenue contribution from newly activated powered shells.

Revenue per MW for CoreWeave stands at ~$2.58 million per quarter, reflecting both efficiency and the value of operational scale, which allows the company to rapidly monetize workloads as additional capacity comes online. Despite post-IPO insider selling suppressing momentum, this is a temporary overhang that, once resolved, could lead to a meaningful re-rating of the stock. The disparity between CoreWeave’s P/ARR of ~10× and peers like NBIS underscores the mispricing opportunity; as selling pressure abates, the multiple is likely to expand, capturing the company’s growth optionality.

The company’s robust data center footprint, coupled with the ability to bring large-scale MW capacity online quickly, provides a tangible execution advantage over competitors, positioning CoreWeave for material beats relative to market expectations. Overall, CoreWeave represents a compelling investment case, where operational scale, efficiency, and near-term capacity expansion are poised to drive substantial revenue upside and stock revaluation, offering investors a favorable risk/reward profile as the company executes on its growth roadmap.

Previously we covered a bullish thesis on Palantir Technologies Inc. (PLTR) by Deep Value Returns in May 2025, which highlighted the company’s strong AI and data analytics scale, over $1 billion in quarterly revenue, and ability to grow profitably. The company's stock price has appreciated approximately by 63.62% since our coverage as its long-term growth trajectory played out. Xtianus21 shares a similar bullish perspective but emphasizes CoreWeave’s operational scale and rapid capacity expansion as key revenue drivers.

CoreWeave, Inc. is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 29 hedge fund portfolios held CRWV at the end of the second quarter which was 36 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.

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Disclosure: None.