5 Best Data Center GPU-as-a-Service Stocks To Buy

3. CoreWeave, Inc. (NASDAQ:CRWV)

Number of Hedge Fund Holders: 58

On May 8, Deutsche Bank raised the price target on CoreWeave, Inc. (NASDAQ:CRWV) to $135 from $125 and maintained a Buy rating on the stock. This reflects an upside of 18% from here on. The upward revision to the price target came after the company announced its Q1 2026 earnings.

The quarterly report came out on May 8. The firm reported revenue of $2.08 billion, which comfortably beat the Wall Street consensus of $1.97 billion. The Earnings per share came in at -$1.12, above the anticipated consensus of -$0.90.

Going forward, CoreWeave, Inc. (NASDAQ:CRWV) expects revenue in the range of $2.45 billion to $2.6 billion in Q2, returning to low double digits by Q4. Operating income is likely to increase from $30 million to $90 million. Even though the company is generating healthy revenue, the profitability remains a question mark. The company’s finances are expected to stay under pressure in the short-term due to the massive spending on AI data centers. This was evident in the quarter in question, with technology and infrastructure costs increasing 127% to $1.27 billion.

CoreWeave Inc. (NASDAQ:CRWV) is a cloud infrastructure technology company in the US. It offers its product, the CoreWeave Cloud platform, which helps businesses manage large-scale AI systems more efficiently. The company also provides services like GPU and CPU computing, data storage, networking, and AI development tools. It was founded in 2017 and is based in Livingston, New Jersey.