Is CoreWeave stock a buy on the dip as revenue continues to skyrocket?
CoreWeave's stock (CRWV) fell 11.40% after its Q1 earnings report, despite a 112% revenue increase to $2.08 billion, surpassing analyst expectations. However, its adjusted EPS loss of $1.12 was worse than anticipated, and Q2 guidance was below consensus. The company faces rising component costs and has increased its capex budget. CoreWeave's project backlog is nearly $100 billion, with significant commitments from major clients. While it has raised over $20 billion in funding, the stock remains speculative due to high leverage and reliance on external components.
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