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make new highs.10 stocks we like better than CoreWeave ›Cloud computing was already a massive growth trend as companies increasingly migrated from localized computing servers to renting computing power from companies operating massive data centers.Now, artificial intelligence (AI) has accelerated this trend. Since AI primarily operates through the cloud, the AI boom is essentially turbocharging demand for cloud computing.It's very apparent in CoreWeave (NASDAQ: CRWV), one of the highest-profile IPO stocks of 2025. The company provides cloud-based GPU computing resources to AI hyperscalers and other companies that need turnkey access to high-end computing capacity.Wall Street anticipates tremendous growth from CoreWeave in 2026. However, the stock has since slipped after its strong market debut earlier this year. Can CoreWeave grow enough to push the stock to new highs next year?Image source: Getty Images.Deep-pocketed technology giants, often referred to as hyperscalers, are all racing to expand their data center infrastructure to support widespread AI adoption. You could call it a race to corner the AI market, a potential multitrillion-dollar industry in the future.Despite investing hundreds of billions of dollars cumulatively over the past several years, these AI companies continue to maintain that there isn't enough computing capacity to keep up with demand.Enter CoreWeave.Put simply, the company builds data center infrastructure purpose-built for AI workloads and sells the computing capacity. Microsoft, Meta Platforms, and International Business Machines (IBM) are among its customers. For them, working with CoreWeave is like taking a shortcut. Opting for turnkey data center capacity enables them to increase their computing resources more quickly, a crucial edge in this AI arms race.Business is booming for CoreWeave. Analysts anticipate the business finishing the year at $5.1 billion in revenue, followed by $12 billion next year, more than double.The stock only went public a few months ago, so it's likely to be somewhat volatile, given its status as one of the headline IPOs of 2025. Often, a highly hyped IPO stock will surge shortly after it begins trading, only to decline once the initial excitement subsides.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,858.47 +12.97 (+0.19%)Dow 3048,382.39 +319.10 (+0.66%)Nasdaq23,235.63 -6.36 (-0.03%)Russell 20002,508.22 +26.32 (+1.06%)VIX14.51 -0.44 (-2.94%)Gold4,329.60 -11.50 (-0.26%)Trending tickersBTC-USD Bitcoin USD 90,066.13 +1,439.39 (+1.62%)PLTR Palantir Technologies Inc. 167.86 -9.89 (-5.56%)XRP-USD XRP USD 2.03 +0.16 (+8.47%)ETH-USD Ethereum USD 3,112.44 +100.75 (+3.35%)SNDK Sandisk Corporation 275.24 +37.86 (+15.95%)PortfolioSign in to access your portfolioSign inTop gainersFLNC Fluence Energy, Inc. 23.01 +3.23 (+16.33%)SNDK Sandisk Corporation 275.24 +37.86 (+15.95%)SMR NuScale Power Corporation 16.31 +2.14 (+15.10%)BIDU Baidu, Inc. 150.30 +19.64 (+15.03%)ASTS AST SpaceMobile, Inc. 83.47 +10.84 (+14.93%)Top losersPAY Paymentus Holdings, Inc. 28.47 -3.12 (-9.88%)KVYO Klaviyo, Inc. 29.32 -3.15 (-9.70%)LQDA Liquidia Corporation 31.40 -3.09 (-8.96%)APP AppLovin Corporation 618.32 -55.50 (-8.24%)PSNY Polestar Automotive Holding UK PLC 19.81 -1.56 (-7.30%)Most activeONDS Ondas Holdings Inc. 11.02 +1.26 (+12.91%)NVDA NVIDIA Corporation 188.85 +2.35 (+1.26%)PLUG Plug Power Inc. 2.2300 +0.2600 (+13.20%)INTC Intel Corporation 39.38 +2.48 (+6.72%)TSLA Tesla, Inc. 438.07 -11.65 (-2.59%)Top economic eventsEarnings eventsMy earnings eventsEarnings events