CoreWeave is an AI-only cloud. Instead of offering hundreds of general services, it rents large clusters of NVIDIA GPUs, along with the networking, storage and orchestration software needed to train and serve AI models. After going public in March 2025 it became one of the most closely watched AI infrastructure stocks and joined the Nasdaq-100. The company is headquartered in Roseland, New Jersey.
CoreWeave makes money by renting GPU compute, plus storage, networking and software, to AI developers. Most revenue comes from multi-year committed contracts in which a customer reserves a dedicated cluster and pays for it whether or not it is fully used; a smaller share is on-demand usage. CoreWeave funds GPU purchases and data center build-outs largely with debt, often secured by the GPUs and by the customer contracts themselves, so its economics depend on the spread between contract pricing and the cost of capital, power and depreciation. Since 2025 it has added software layers through acquisitions such as Weights & Biases (developer tools), OpenPipe (reinforcement learning) and Monolith AI (industrial AI).