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Markets · Investing · Business
Finance
Forget Nebius. CoreWeave Has a New Competitor. And It's Not Another AI Cloud Company.
This tech company is building enormous AI computing capacity and is increasingly making it available to external customers.
When investors think about CoreWeave's (NASDAQ: CRWV) biggest competitors, names like Amazon, Microsoft, Alphabet, and Nebius probably come to mind.
But one of the most interesting potential competitors doesn't look like a cloud company at all. It builds rockets. And yes, it's Space Exploration Technologies(NASDAQ: SPCX), also known as SpaceX.
Details
That may sound strange. SpaceX is best known for rockets and Starlink, while CoreWeave provides cloud computing for artificial intelligence. But the lines between those businesses are beginning to blur.
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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.
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