CoreWeave Bulls Should Brace For 'Wild, Lumpy, Volatile Ride,' JPMorgan Says

1. JPMorgan downgraded CRWV from $135 to $110, citing volatility. 2. CRWV's backlog reached $56 billion, showing strong AI demand. 3. Revenue grew 134% YOY, outperforming estimates by $40 million. 4. Supply chain issues delayed construction, shifting revenue timing. 5. Analyst projects 166% revenue growth for FY25, indicating optimism.