$NVDA sneezes, and CoreWeave catches a nasty cold 🤧
Revenue grew 168%, but shares still fell 7% premarket, following Nvidia.
Here’s my most straightforward take on CoreWeave: it’s not an independent AI company; it’s a “magnifying glass” for Nvidia.
The earnings were genuinely solid: revenue beat expectations, full-year guidance was raised, and the backlog is enormous. But overnight, news of turmoil on Jensen Huang’s board sent Nvidia down premarket—and CoreWeave fell right along with it, completely overshadowing the good earnings news.
Why? Its GPUs come from Nvidia, its major customers’ AI budgets follow the Nvidia story, and it’s still borrowing money to buy more chips. Put simply, buying CoreWeave is a leveraged bet on Nvidia.
So my position is clear: if you’re bullish on AI computing power, you’re better off looking directly at the leader. If you want to play CoreWeave, you have to accept that every Nvidia wobble will hit it too, while the upside may not necessarily be yours. Tonight, Jensen’s future matters more than any earnings figure ⚡
Would you buy AI computing stocks during this pullback, or wait until the board’s decision is announced? 👇
#CoreWeave revenue grew 168%, stock rose 10%
Revenue grew 168%, but shares still fell 7% premarket, following Nvidia.
Here’s my most straightforward take on CoreWeave: it’s not an independent AI company; it’s a “magnifying glass” for Nvidia.
The earnings were genuinely solid: revenue beat expectations, full-year guidance was raised, and the backlog is enormous. But overnight, news of turmoil on Jensen Huang’s board sent Nvidia down premarket—and CoreWeave fell right along with it, completely overshadowing the good earnings news.
Why? Its GPUs come from Nvidia, its major customers’ AI budgets follow the Nvidia story, and it’s still borrowing money to buy more chips. Put simply, buying CoreWeave is a leveraged bet on Nvidia.
So my position is clear: if you’re bullish on AI computing power, you’re better off looking directly at the leader. If you want to play CoreWeave, you have to accept that every Nvidia wobble will hit it too, while the upside may not necessarily be yours. Tonight, Jensen’s future matters more than any earnings figure ⚡
Would you buy AI computing stocks during this pullback, or wait until the board’s decision is announced? 👇
#CoreWeave revenue grew 168%, stock rose 10%