CoreWeave is Joining the Nasdaq-100. Is the Stock a Buy?
This AI company made its market debut about a year ago.
CoreWeave is Joining the Nasdaq-100. Is the Stock a Buy?
Overview
CoreWeave (NASDAQ: CRWV) is playing a key role in the artificial intelligence (AI) revolution, and that's helped the stock soar 194% from its initial public offering a little over a year ago. This tech company offers something crucial: access to high-powered compute. Customers have flocked to CoreWeave for this, sending revenue to triple-digit gains.
And now, CoreWeave is scoring yet another victory. As of June 22, the AI stock joins the Nasdaq-100. Is now, as the company reaches this milestone, a good moment to buy CoreWeave? Let's find out.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
