CoreWeave

CoreWeave (NASDAQ: CRWV) is the largest pure-play AI cloud infrastructure company in the United States, purpose-built to power the training and inference workloads of the world's leading AI labs and enterprises. Founded in 2017 and headquartered in Livingston, New Jersey, CoreWeave went public in March 2025 in the largest U.S.

tech IPO since 2021, raising $1.5 billion at $40 per share. The company generated $5.13 billion in revenue in 2025 and is guiding for $12–13 billion in 2026 revenue, backed by a contracted backlog exceeding $99 billion.

Nine of the ten largest AI model providers run on CoreWeave's platform, including Microsoft (approximately 67% of FY2025 revenue), OpenAI (a $6.5 billion multi-year expansion signed in 2026), Anthropic (a multi-year deal for production-scale Claude inference), and Meta. CoreWeave specialises in NVIDIA GPU clusters—H100, H200, and Blackwell B200 systems—with full-stack software including Kubernetes-native orchestration, high-speed networking, and distributed storage purpose-built for AI.

Its 2026 planned capital expenditure of $31–35 billion underscores its position at the centre of the global AI infrastructure build-out. CoreWeave serves AI labs, foundation model providers, and enterprises requiring dedicated, high-throughput GPU compute for large-scale model training, RLHF fine-tuning, and production inference at scale across data centres in the U.S.

and Europe.