CoreWeave Stock Surges 6.42 on Record $1.21B Revenue and AI Expansion Ranks 14th in $4.07B Trading Volume

On August 12, 2025, CoreWeave (CRWV) surged 6.42% with a trading volume of $4.07 billion, ranking 14th in market activity. The stock’s performance followed the company’s Q2 2025 earnings report, which highlighted record revenue of $1.21 billion—a 203% year-over-year increase—underscoring robust demand for its AI cloud infrastructure. CoreWeave attributed the growth to rapid scaling of its AI-specific data centers, including a 470 MW active power capacity and a 2.2 GW total contracted power expansion, alongside strategic customer wins such as a $4 billion OpenAI contract and partnerships with major AI labs and enterprises.

The company emphasized technological leadership, including the deployment of NVIDIA’s Blackwell GPU portfolio at scale and the launch of B200-based instances. Additionally, CoreWeave’s acquisition of Weights & Biases expanded its platform capabilities, enabling real-time cluster health management and open-source AI model access. A $2 billion debt issuance, upsized due to strong demand, further reinforced its capital position to fund infrastructure projects, including a new 250 MW greenfield data center in New Jersey. These moves align with CoreWeave’s strategy to solidify its role as a leading AI hyperscaler amid surging industry demand.

The strategy of buying the top 500 stocks by daily trading volume and holding them for one day resulted in a moderate return. The total profit from December 2021 to August 2025 was $2,940, with a maximum drawdown of $-1,960 during the same period. The strategy's average daily return was 0.24%, with a Sharpe ratio of 0.67 and a maximum Sharpe of 1.2 over the past four years.