CoreWeave Surges 7.83% in Trading Volume Ranking 18th with 27.46 Billion Shares Exchanged

On May 19, 2025, CoreWeave (CRWV) experienced a significant surge, with its trading volume reaching 27.46 billion, ranking 18th in the day's market activity. The stock price increased by 7.83%, marking the second consecutive day of gains and a total increase of 31.66% over the past two days.

CoreWeave's recent performance can be attributed to several key factors. The company reported a substantial increase in quarterly revenue, which has bolstered investor confidence. Additionally, Nvidia, a major supplier and investor, increased its stake in CoreWeave to 7% post-IPO, with holdings now valued at approximately $2 billion. This move by Nvidia has provided additional validation for investors betting on the AI infrastructure space.

CoreWeave also announced a significant contract expansion with OpenAI, signing a deal worth up to $4 billion that extends through April 2029. This partnership positions CoreWeave as a key cloud computing provider for the ChatGPT maker, further solidifying its role in the AI infrastructure market.

In Q1 2025, CoreWeave reported revenue of nearly $982 million, up 420% from the year-ago period. The company's revenue backlog reached $25.9 billion, up 63% year-over-year, bolstered by major contract wins, including an $11.9 billion strategic deal with OpenAI signed in March. CoreWeave plans to more than double its deployed power capacity by year-end, reflecting the massive infrastructure investments required to support its growth trajectory.

Despite concerns about elevated capital spending impacting near-term margins, management expressed confidence in its success-based financing model that aligns capital investments with long-term customer contracts. With 33 purpose-built data centers and industry-leading performance benchmarks, CoreWeave continues to differentiate itself in the rapidly expanding AI infrastructure market.