CoreWeave (CRWV -9.61%) may be the closest thing to a pure-play AI infrastructure stock. The company’s cloud platform was designed specifically for AI workloads and counts customers like Nvidia, OpenAI, Microsoft, and Meta among its core clients.
Revenue growth has been explosive. CoreWeave went from minimal sales in 2022 to $1.9 billion in 2024 and is expected to generate more than $10 billion in revenue in 2026.
That growth comes with risk. Microsoft accounted for 62% of revenue in 2024, and the company carries heavy debt and large capital expenditures. However, management has reported improving customer diversification, and nearly all of CoreWeave’s revenue is directly tied to AI demand.
For investors seeking direct exposure to AI infrastructure, CoreWeave offers high upside, along with elevated risk.