Meet the Monster Stock That Continues to Crush the Market

CoreWeave (NASDAQ: CRWV), a provider of dedicated artificial intelligence (AI) cloud infrastructure services, launched its initial public offering (IPO) on March 28 at $40 a share. Its stock barely budged after the IPO, but it warmed up in April, heated up even more throughout May, and now trades at about $156 per share. During that same period, the S&P 500 only rose 7% as the Nasdaq Composite advanced 12%.Let's see why CoreWeave's stock more than quadrupled in just over two months -- and if it's still worth chasing today.CoreWeave was founded in 2017 as a cryptocurrency miner that purchased large quantities of GPUs to mine Ethereum. But after the cryptocurrency crash of 2018, it abandoned the crypto mining market and leveraged its large inventory of GPUs to build a cloud infrastructure platform for processing AI tasks.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool