Prediction: CoreWeave's Contracted Backlog Passes $150 Billion Before 2028
Hitting the mark would take about a ninth of the growth rate the AI cloud provider just delivered.
Overview
Artificial intelligence (AI) cloud provider CoreWeave (NASDAQ:CRWV) ended June with a revenue backlog of $104.2 billion. That figure was up 246% year over year.
My prediction is that the backlog passes $150 billion before 2028.
Details
That may sound aggressive for a growth stock trading at about $100 as of this writing, about 35% below its 52-week high of $153.20.
Source
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.