Coreweave Surpasses All-Time High, Raises Questions About Meme Stock Status

CoreWeave (CRWV) has surged to an all-time high of $163.10 in recent months, fueled by rapid growth in AI and increased demand for powerful computing. This surge has prompted concerns about whether the company is trading based on fundamentals or similar meme stock dynamics. 2025 saw CoreWeave receive substantial investment from Nvidia during its IPO, leveraging its GPUs for high-powered computation. The company’s reliance on Nvidia chips for key operations underscores its connection to AI growth. However, the current market frenzy has raised questions about whether this growth is sustainable or simply driven by speculation similar to the GameStop saga.