CoreWeave's 37 Billion Trading Volume Ranks 14th Amidst AI Sector Dominance

Generated by AI AgentVolume Alerts
Tuesday, Jun 10, 2025 8:20 pm ET1min read

On June 10, 2025,

(CRWV) experienced a significant trading volume of 37.09 billion, ranking 14th in the day's stock market activity. The stock price of CoreWeave declined by 4.44%.

CoreWeave's revenue has seen remarkable growth, surging from $20 million in 2022 to $1.9 billion in 2024. This rapid expansion is driven by a strategic shift that has positioned the company as a leader in the AI and high-performance computing sectors. CoreWeave now operates 32 data centers, showcasing its extensive infrastructure and capabilities.

CoreWeave's recent performance has garnered significant investor interest. The company's AI-optimized cloud platform, powered by Nvidia Corp.'s latest Grace Blackwell chips, has demonstrated exceptional capabilities. CoreWeave's submission to the MLPerf benchmark, utilizing 2,496 Nvidia GPUs, was the largest ever recorded, highlighting its leadership in supporting demanding AI workloads.

CoreWeave's strategic partnerships and deals further solidify its market position. The company recently secured a $7 billion agreement with Applied Digital Corporation, which includes two 15-year lease agreements. This deal will provide 250 megawatts of critical IT load to host CoreWeave's AI and HPC infrastructure at its Ellendale, North Dakota data center campus.

Despite its impressive growth and strategic initiatives, CoreWeave faces challenges related to sustainability. Concerns about high debt levels, risky financing, and reliance on a limited number of customers have raised questions about the company's long-term viability. Analysts have expressed skepticism about the profitability of CoreWeave's future contracts, citing potential risks and uncertainties.

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