CoreWeave IPO: Should You Buy CRWV Stock?
The CoreWeave IPO will mark the biggest public offering of the year, with the AI cloud company expected to start trading on the Nasdaq in late March.


The market for initial public offerings (IPOs) hasn't heated up as fast as many expected this year. Still, things look to be improving compared to 2024, with 57 IPOs filed – up 21% year over year – according to Renaissance Capital.
And one of the most-anticipated upcoming IPOs of the year is right on our doorstep. Earlier this month, CoreWeave filed paperwork to go public with shares of the tech stock expected to start trading later this month on the Nasdaq under the ticker symbol "CRWV."
CoreWeave originated as a crypto mining firm before shifting to a cloud-computing company whose main business now involves renting artificial intelligence (AI) infrastructure to AI developers. The company has 32 data centers across the U.S. and Europe that are equipped with Nvidia (NVDA) chips.

Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Nvidia is among CoreWeave's high-profile investors, with a reported 5% stake in the firm – and its customers. Meta Platforms (META), OpenAI and IBM (IBM) are also included among its noteworthy clientele, while Microsoft (MSFT) has committed to spending $10 billion at CoreWeave through 2030.
How much is CoreWeave worth?
The New Jersey-based tech firm is looking to raise up to $3.5 billion in its initial public offering, according to Renaissance Capital. This would make it one of the biggest IPOs in recent memory and value the company at around $35 billion.
As for its financials, CoreWeave stated in its S-1 filing with the Securities and Exchange Commission (SEC) that it had $1.9 billion in revenue in 2024 vs $229 million in 2023. The bulk of its revenue last year came from Microsoft.
Its net loss widened to $863 million in 2024 from $594 million in 2023.
CoreWeave's adjusted operating income margin, or the difference between the adjusted operating margin and net sales, was a respectable 19% at the end of 2024. It also had $15.1 billion of remaining performance obligations as of December 31, up 53% over the year prior.
Should you buy the CoreWeave IPO?
"An initial public offering enables a private company to 'go public,' or start trading in public markets, by issuing its own shares on a stock exchange for the first time. In this way, any investor can buy shares and the company can raise capital to grow," writes Kiplinger contributor Tom Taulli in his feature "What Is an Initial Public Offering (IPO)?".
But IPOs can be volatile – especially for retail investors. While IPO stocks tend to have strong first-day showings, returns for the first year are generally weak, says the team of analysts at Trivariate Research, a market research firm based in New York.
As for retail investors, whether or not you buy the CoreWeave IPO boils down to your own personal investing goals and risk tolerance. If you do decide to buy CRWV stock when it first begins trading, do so in a small amount that you can afford to lose.
Related content
Get Kiplinger Today newsletter — free
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.
With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at Kiplinger.com. She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at a local investment research firm. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.
-
The Power of Compound Interest: How to Turn Small Investments Into Big Wealth
The key is understanding how it works and how to maximize its potential to build financial security.
By Bob Chitrathorn Published
-
How to Create a Family Dynasty for Lasting Security
The super-rich rely on the family dynasty model to pass assets down from generation to generation. Here's how to embrace those strategies.
By Adam Shell Published
-
Alternative Investments Under Trump: What You Need to Know
As access to alternative markets opens up, retail investors looking to enhance their long-term financial outcomes have more opportunities to carefully consider.
By Henry Yoshida Published
-
Beware of TV/Billboard Personal Injury Law Firms: Here's Why
If you or someone you know is tempted to hire a so-called settlement mill to handle a personal injury case, here are some reasons to reconsider.
By H. Dennis Beaver, Esq. Published
-
How Small Businesses Can Clear the Economic Hurdles Ahead
Shifting rules on taxes, trade and regulation are creating uncertainty for SMBs. Owners can overcome that by focusing on efficiency, flexibility and investment.
By Mark Valentino Published
-
Stock Market Today: Dow Adds 353 Points Despite Soft Retail Sales
Investors and traders shake off another set of shaky economic numbers and send 10 of 11 sectors higher on Monday.
By David Dittman Published
-
Nvidia Stock's Been Growing for Years. Just Look At Its 100,000% Return
Nvidia shareholders have had to stomach intense volatility over the years, but they have come out on top thanks to the AI chipmaker's bellwether status.
By Louis Navellier Published
-
10 Tax Topics Every Retiree Should Know About
A little knowledge can go a long way toward saving on your tax bill. Print this out and take it to your tax planner so you can have a productive chat.
By Michael Miller Published
-
It's No Surprise That Berkshire Hathaway's in the 100,000% Return Club
Warren Buffett's fascination with the insurance industry has helped Berkshire Hathaway's stock return snowball.
By Louis Navellier Published
-
4 Turnaround Stocks to Consider – and 2 More to Keep an Eye On
A turnaround stock is a struggling company with a strong makeover plan that can pay off for intrepid investors.
By Nellie S. Huang Published