AI Index / CoreWeave, Inc. Class A Common Stock
CoreWeave, Inc. Class A Common Stock (CRWV)
CoreWeave’s revenue primarily comes from AI cloud infrastructure: reserved GPU instances (H100/A100/GB200) for training and inference (direct AI). Secondary sources include attached services—storage (80% attach on $1M+ customers), CPU/networking, and software/dev tools—used to run AI workloads (direct AI). Emerging, higher-margin revenue from licensing its proprietary cloud stack (SUNK, Mission Control) to NVIDIA ecosystem and sovereign/enterprise customers (direct AI). Cross-sell with Weights & Biases adds AI-driven TCV. Virtually all backlog and new capacity are tied to AI workloads via take-or-pay contracts.
Loading...
CoreWeave is at the forefront, building and operating some of the largest purpose-built AI clusters for the world's most demanding workloads.
- Michael Intrator
Similar Companies in the Swift AI Index
Quotes from coreweave Executives About Artificial Intelligence and Generative AI
The breadth of this demand has translated to deepening engineering relationships with our largest customers and material progress on diversification. CoreWeave is supporting the next generation of AI pioneers.
- Michael Intrator
AI natives and enterprise customers are not just consuming our core GPU infrastructure. They're engaging with our unified platform at significantly higher rates across CPU, storage, software, and development tools.
- Michael Intrator
For example, approximately 80% of CoreWeave Cloud customers paying at least $1 million per year have adopted one or more of our storage products.
- Michael Intrator
In January, we announced NVIDIA intends to test and validate our platform, including our software and reference architectures to work towards including those offerings within NVIDIA's reference architecture for cloud, enterprise, and sovereign customers.
- Michael Intrator
Grace Blackwell running at scale on CoreWeave Cloud is revolutionary.
- Michael Intrator
The pace of our execution also explains why our capital expenditures for Q4 came in above guidance. Our teams were able to bring infrastructure into service ahead of our expectations, which we view as a high-quality acceleration of revenue capacity for 2026.
- Michael Intrator
As our business and growth normalize, we remain confident in our ability to achieve 25% to 30% margins over the long term.
- Nitin Agrawal