CoreWeave Stock Is Up 105% in a Year. Can It Soar to $180?
AI infrastructure provider CoreWeave (CRWV) has been one of the most explosive winners of the AI boom. The stock has surged roughly 105% over the past year, fueled by massive demand for computing power required to train and run advanced AI models. However, after such a spectacular run, investors are now wondering whether it can still soar to hit its high price estimate of $180 or if the AI enthusiasm has already been priced in.
Let’s take a closer look.
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AI Demand Is Still Accelerating
The AI enthusiasm seems to have softened this year with broader market volatility amid the U.S.-Iran war. However, if you ignore the market noise, you will notice that demand for AI infrastructure continues to intensify as companies build larger models and deploy AI across more applications.
Valued at $44 billion, CoreWeave rents massive AI computing power to businesses that need it to train and run AI models. The company reported exceptional growth in fiscal 2025. Total revenue surged an extraordinary 168% year-over-year (YoY) to $5.1 billion, highlighting the massive demand for AI computing infrastructure. CoreWeave’s contracted revenue backlog surged to $66.8 million, giving a clear picture of future growth. The company says this backlog shows long-term commitments from hyperscalers, AI startups, and enterprise companies that rely on its specialized AI cloud platform.
In the quarter, several well-known AI companies adopted CoreWeave’s infrastructure, including Midjourney, Runway, Cursor, Cognition, and Mercado Libre (MELI). To meet the surge in demand, CoreWeave has taken some concrete steps. At the end of 2025, the company had 850 megawatts of active power capacity, 43 operational data centers (up from 32 at the start of the year), and 3.1 gigawatts of contracted capacity, which is expected to be operational by 2027.
Interestingly, CoreWeave even deepened its partnership with Nvidia (NVDA) this quarter. The chip giant invested $2 billion into the company to integrate CoreWeave’s software stack into Nvidia’s broader cloud architecture. If Nvidia eventually integrates these technologies into its larger ecosystem, CoreWeave will have the opportunity to begin licensing its cloud stack to other cloud providers and enterprises. This could create a new high-margin revenue stream that is not included in current guidance, implying significant upside in the coming years.
