We recently published Wall Street Shockers: 10 Stocks on Fire. CoreWeave Inc. (NASDAQ:CRWV) is one of the best-performing stocks on Monday.
CoreWeave extended its winning streak to a third day on Monday, jumping 7.9 percent to finish at $139.78 apiece as investors continued to snap up shares ahead of the release of its second quarter earnings performance on Tuesday, August 12.
Based on information on its website, CoreWeave Inc. (NASDAQ:CRWV) is scheduled to announce its financial and operating highlights after market close. An investor call will be organized to elaborate on the results.
In May this year, the company said it was gunning for its first billion-dollar revenue in the second quarter of the year, specifically at a range of $1.06 billion to $1.1 billion. Adjusted operating income was also pegged at $140 million to $170 million.
For the full-year period, CoreWeave Inc. (NASDAQ:CRWV) previously guided a revenue target of $4.9 billion to $5.1 billion, as well as adjusted operating income of $800 million to $830 million.
In recent news, CoreWeave Inc. (NASDAQ:CRWV) acquired Core Scientific for $9 billion in an all-stock deal. According to both parties, the acquisition will help CoreWeave verticalize its data center footprint to future-proof revenue growth and enhance profitability.
While we acknowledge the potential of CRWV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
