CoreWeave Stock Has Jumped 163% Since Its IPO. Here's Why It Can Become a Multibagger By 2028
CoreWeave's latest quarterly results make it clear that strong AI data center demand will ensure healthy long-term growth for the company.
Overview
Neocloud infrastructure provider CoreWeave (NASDAQ: CRWV) went public in March last year, and shares of the company have shot up by an impressive 163% since then.
However, CoreWeave stock has experienced significant volatility since its initial public offering (IPO). Concerns about the company's mounting debt and potential competition from a key customer explain why its stock has slipped 42% from the 52-week high it reached in October last year.
Details
But that's a good thing for savvy investors looking to add a fast-growing company to their portfolios right now. CoreWeave's latest quarterly results clearly indicate that the company's red-hot growth is sustainable, and that's probably why its shares soared after it released its Q2 earnings report on Aug. 11.
Source
Originally published at www.fool.com.