CoreWeave: AI Hyperscaler Increases Revenue by 420% in Q1 - CEO Defends High Infrastructure Costs!

CoreWeave (CRWV) considers itself a leading AI hyperscaler, fully focused on providing AI computing capacities with its 33 globally distributed data centers. This is expected to offer performance and cost advantages compared to other providers, with a new industry record in AI inference performance set in April based on NVIDIA's GB200 Grace Blackwell Superchips. The company has now increased its order backlog by 63% to $25.9 billion, particularly thanks to a contract announced in March with OpenAI worth $11.9 billion. Northland analysts have...