CoreWeave Surges As Microsoft, OpenAI Deals Fuel Revenue Spike, Wall Street Boost
1. Analysts raised CRWV's price targets; JPMorgan to $66 and Needham to $78. 2. CoreWeave reported Q1 revenue of $981.63 million, surpassing estimates. 3. New deals with Google and OpenAI contribute significantly to future revenue. 4. Customer concentration heavily favors Microsoft, representing 72% of total revenue. 5. The volatility of shares is expected due to accounting treatment complexities.