Can CoreWeave Unseat Amazon Web Services as the Top Cloud Provider?
The neocloud company is a rising star, but the hyperscaler has a massive head start.
Overview
Cloud computing is an important segment of the AI race. Many AI companies do not want to manage the data center infrastructure necessary to run their applications, so they rent computing power from cloud providers like Amazon Web Services (AWS) (NASDAQ: AMZN). This is a cost-effective way to obtain a large amount of computing power quickly.
While AWS may be the largest cloud infrastructure provider, with a market share of about 28% at last report, it's far from the only one. There are many others, including some that specialize in AI computing, like CoreWeave (NASDAQ: CRWV). CoreWeave is a rising star in the cloud computing arena, and is growing far faster than AWS.
Details
Could CoreWeave unseat Amazon as the top cloud provider? Let's take a look to see what level of growth would be necessary.
Source
Originally published at www.fool.com.