CoreWeave (CRWV)

He recommended it when they IPO'd and it's run up 300%. Sell half your holding.

NVDA owns 7% of this and the hyperscalers are interested in this. It's still losing money and trades at premium multiples. But they can pivot in the marketplace with both hardware and software in their data centres. They cater to smaller/medium-size companies. But they carry a lot of debt, but that's needed for the capex. Rapid tech obsolence is also a caveat. This could fall below $100.

IPO'd only about a month ago. For many, like the canary in the coalmine that all was clear for the AI revolution to rise again. He'd like to own it, but there are a lot of moving parts. Will become an investment, but more of a trade right now until supply/demand with stock options is out of the way. Reminiscent of the highs and lows of PLTR.

We are quite shocked, frankly. 'Everybody' turned negative on CRWV in the weeks before it went public, and then it landed with a thud and a dud. Then, it goes up 41% yesterday. The float is quite thin, and some shareholders cannot sell for 180 days, and this can increase volatility. ARK Funds were buying this week. There was no news yesterday, but options are now listed on the stock and we expect it to be a popular stock with the retail/meme trading crowd. The big jump does not mean all is clear in the data centre space, but it is of course encouraging. Another example of how sentiment can swing wildly. We would still prefer the other data centre companies but it is one to watch. There are risks here, but also opportunities. 
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It IPOs on March 28. In 2025: $1.91 billion in revenues, $15.1 billion RPO and 96% revenue come from contracts that last 4 years. Not yet profitable, but moving in the right direction. Great growth, but what are previous generation GPUs worth, how concentrated are its customers and will demand for computer continue? He thinks demand for AI infrastructure will stay strong for a long time, so he's interedsted in CRWV. The IPO price if $47-55, but it lacks profits. Grew 700% last year, and projects 200% in 2025. So considering enterprise value, you can buy this in the $50s, but not $60s.

It IPOs on March 28. In 2025: $1.91 billion in revenues, $15.1 billion RPO and 96% revenue come from contracts that last 4 years. Not yet profitable, but moving in the right direction. Great growth, but what are previous generation GPUs worth, how concentrated are its customers and will demand for computer continue? He thinks demand for AI infrastructure will stay strong for a long time, so he's interedsted in CRWV. The IPO price if $47-55, but it lacks profits. Grew 700% last year, and projects 200% in 2025. So considering enterprise value, you can buy this in the $50s, but not $60s.