To The Moon

I was scrolling through the news the other day when I saw it: CoreWeave snagged a $6.3 billion order from NVIDIA. My first thought? Wow, that’s huge. And then I thought, Hold on… this could be the start of something bigger.

The deal is massive — NVIDIA will buy all of CoreWeave’s remaining unsold compute capacity through April 2032. Nearly a decade of guaranteed demand. For any tech company, that’s the kind of longer-term certainty most CEOs can only dream of. I could practically feel the market excitement: CRWV stock jumped almost immediately after the announcement.

NVIDIA (NVDA)

CoreWeave, Inc. (CRWV)

I started imagining what this could mean. Could CoreWeave be on its way to becoming an AI infrastructure powerhouse? The thought was tempting. NVIDIA clearly trusts them. The AI boom shows no signs of slowing. This could be their moment.

But then I took a step back. As exciting as it is, I didn’t feel the pull to buy.

I thought about the numbers: the P/E ratio isn’t that attractive, and CoreWeave’s past earnings haven’t exactly been eye-catching. There are no dividends either so it’s not giving me anything while I wait. And I realized, I can’t buy based on potential alone. Imagining future growth is fun, but investing on “maybe” has never been my style.

Still, I couldn’t ignore the hype. I pictured CoreWeave ten years from now: maybe a crucial player in the AI ecosystem, maybe a company everyone wishes they bought back when it was just climbing. It’s the kind of story that makes me want to watch closely, even if I’m not buying today.

My Takeaway

CoreWeave is fascinating. The NVIDIA deal is a vote of confidence and a glimpse at what the future might hold. But for now, I’m content to watch. I don’t need to rush in. I’ll wait for the company to show stronger financial footing or a more attractive entry point.

Sometimes, following the story is just as exciting as owning the stock and for CoreWeave, the story is only beginning.