CoreWeave’s revenue set to soar as demand for AI infrastructure booms

CoreWeave (NASDAQ: CRWV), a fast-growing data center operator specializing in GPU clusters, is emerging as a central player in the artificial intelligence arms race. As enterprises ramp up investment in AI infrastructure, analysts expect CoreWeave’s revenue to more than double in 2025 to $5 billion, before climbing to $11.6 billion in 2026, according to Visible Alpha consensus estimates. From 2024 to 2027, analysts project CoreWeave’s revenue to grow at a compound annual rate of 106%, reaching $16.7 billion and turning net income profitable by the final year of the forecast period.

CoreWeave has rapidly expanded its customer base beyond early anchor partner Microsoft, securing long-term contracts with OpenAI, Nvidia, Meta, Alphabet, IBM, and Cohere. To support this expansion, the company is significantly scaling up its infrastructure. The number of GPUs in its fleet is forecast to rise from just 17 in 2022 to 530 in 2025 and surpass 1,000 by 2027.

In a strategic move to accelerate its data center footprint, CoreWeave has agreed to acquire Core Scientific, a data center infrastructure provider, in an all-stock deal valued at roughly $9 billion. The transaction is expected to close in the fourth quarter and positions CoreWeave to compete more aggressively in the high-performance computing and AI workloads market. However, analyst estimates do not yet fully reflect the impact of the Core Scientific acquisition.