CoreWeave, Inc. Class A Common StockRevenue doubled to $2B+ and backlog is $99.4B, but missed profit targets in 3 of 4 quarters as public company.
Cathie Wood's Ark Invest added to existing positions in CoreWeave, SpaceX, and X-Energy on Tuesday as the stocks fell 3%, 7%, and 10% respectively. CoreWeave, an AI-focused hyperscaler, saw revenue more than double to over $2 billion in its latest quarter and holds a $99.4 billion backlog, though it has missed profit targets in three of its first four quarters as a public company. SpaceX, the satellite internet and launch services giant, was added to the Nasdaq-100 index on Tuesday but trades 34% below its post-IPO high, with a market cap above $2 trillion despite not yet being profitable. X-Energy, a developer of small modular nuclear reactors, has fallen 55% from its April peak and is trading below its $23 IPO price, though it has over 100 active projects and has cleared key regulatory hurdles.
CoreWeave, Inc. Class A Common StockRevenue doubled to $2B+ and backlog is $99.4B, but missed profit targets in 3 of 4 quarters as public company.
Space Exploration Technologies Corp. Class A Common StockAdded to Nasdaq-100 index but trades 34% below post-IPO high and is not yet profitable.
Meta Platforms Inc.
NVIDIA Corporation
X-Energy, Inc. Class A Common StockFell 55% from peak and below IPO price, but has over 100 active projects and cleared key regulatory hurdles.