The artificial intelligence race just turned another corner. On Monday, CoreWeave, a New Jersey-based cloud computing startup, announced a $14.2 billion agreement with Meta to provide AI infrastructure through 2031. The deal instantly placed CoreWeave among the top names in the AI cloud space, drawing comparisons with industry giants like Amazon Web Services and Microsoft Azure.
But while the contract sounds like a golden ticket, investors and industry watchers are asking: Is CoreWeave already a public company? Does Nvidia actually own it? Does CoreWeave have a stock investors can buy? And why has its stock struggled despite the blockbuster deal?
CoreWeave’s Public Status: A Fresh IPO Story
Yes, CoreWeave is publicly listed—but only recently. The company went public on March 28, 2025, debuting on the Nasdaq under the ticker symbol CRWV. Its initial public offering (IPO) was priced at $40 per share, raising around $1.5 billion in proceeds and valuing the firm at roughly $23 billion.
The IPO, however, had a rocky start. While investors were intrigued by CoreWeave’s specialization in GPU-powered cloud services, many felt the pricing was aggressive given the company’s lack of consistent profits. Analysts noted that AI hype had inflated expectations, and markets were more cautious after a string of volatile tech listings earlier in the year.
Nvidia’s Role in CoreWeave
Contrary to popular belief, Nvidia does not own CoreWeave outright. But its influence runs deep. Nvidia is both a strategic partner and a key investor in the company.
Back in 2023, Nvidia took a minority stake in CoreWeave, reportedly around $100 million. The partnership was strategic: CoreWeave’s cloud is powered largely by Nvidia’s high-end GPUs, including the much-sought-after H100 and A100 chips that fuel advanced AI workloads.
This symbiotic relationship means Nvidia benefits when CoreWeave expands, since demand for GPUs climbs. But it also raises questions about concentration risk—CoreWeave relies heavily on Nvidia hardware, while Nvidia uses CoreWeave as a poster child for its “AI factory” vision.
As one analyst quipped: “CoreWeave is basically Nvidia’s favorite child in the AI cloud family.”
Does CoreWeave Have Stock?
Yes, CoreWeave has stock available under the ticker CRWV. It trades on the Nasdaq exchange, which means everyday retail investors can buy shares through normal brokerage accounts.
However, like many newly listed tech firms, the stock has been volatile. After opening near $40 in March, it briefly rallied past $52, only to slide back into the mid-30s during the summer. The swings reflect both enthusiasm for AI and skepticism about profitability.
Why Did CoreWeave Stock Drop?
Even after the Meta deal was announced, CoreWeave’s shares dipped in after-hours trading. For casual observers, that might sound confusing—shouldn’t a $14 billion contract send the stock flying?
Here’s why it didn’t:
- Long-Term Revenue, Not Immediate Profits
- The Meta contract runs through 2031. That means revenues will flow gradually, not overnight. Wall Street tends to reward near-term profitability more than distant promises.
- High Capital Expenditure
- To service Meta and other clients, CoreWeave must keep pouring money into data centers, GPUs, and networking. That raises costs in the short run, eating into margins.
- IPO Hangover
- Investors who bought into the IPO at $40 are still underwater if the stock hovers in the mid-30s. Until momentum shifts, many remain cautious.
- Competitive Pressure
- Giants like Microsoft, Amazon, and Google dominate the AI cloud sector. CoreWeave, while nimble, lacks their global reach and deep pockets. Some analysts fear the Meta deal could stretch its resources thin.
- Profitability Questions
- According to filings, CoreWeave is still loss-making. The Meta deal may lock in big revenues, but whether that translates to net income remains uncertain.
Industry Reactions
Market experts have been divided. Some call the Meta deal a “landmark win” that validates CoreWeave’s strategy. Others caution against over-hyping a company that still has to prove operational scale.
A Wall Street analyst told CNBC: “This is a double-edged sword. CoreWeave now has a marquee client in Meta, but the burden of execution is massive. They’ll need flawless delivery to keep both investors and customers happy.”
Meanwhile, investors on social media struck a more skeptical tone. One post read: “AI cloud hype is peaking. Unless CoreWeave shows profits, it’s just another fancy story.”
What This Means for the Future
The Meta deal firmly positions CoreWeave as a serious challenger in AI infrastructure. If the company executes well, it could carve out a profitable niche serving hyperscalers and specialized AI clients.
However, the road is far from smooth. With rivals like Amazon and Microsoft guarding their turf, CoreWeave will need constant capital, strong execution, and reliable GPU supply chains. Its dependence on Nvidia is both a strength and a potential risk—any disruption in chip supply could bottleneck growth.
For now, CoreWeave stock remains a high-risk, high-reward play. The Meta contract is a vote of confidence, but not a guarantee of profits. As one industry veteran summed it up: “CoreWeave has just been handed the ball. Now the question is—can they actually score?”