CoreWeave Surges Nearly 8%, Hits Another Post-IPO High
TradingKey – CoreWeave’s stock jumped 7.83% to $86, setting a new record since its IPO earlier this year.
On Monday, CoreWeave (CRWV)—a leading AI infrastructure provider—saw its stock climb 7.83%, reaching $86.59, the highest price since its March 2025 IPO.
CoreWeave Stock Chart – Source: TradingView.
Last week, CoreWeave signed a $4 billion deal with OpenAI, securing expanded cloud computing capabilities over the next four years. This major partnership sent CoreWeave’s stock skyrocketing over 20%.
Since its Nasdaq debut on March 28 at $40 per share, CoreWeave’s stock has more than doubled, gaining 115% to date.
On May 14, CoreWeave released its first post-IPO earnings report, revealing $981.6 million in revenue, significantly above market expectations of $853 million. The full-year forecast also exceeded analysts' predictions.
CEO Michael Intrator expressed strong confidence in the company’s trajectory, stating: "The demand for our AI infrastructure is truly insatiable. To meet this growing need, CoreWeave is accelerating its investment plans, with total spending expected to reach $23 billion this year."
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