Yahoo Finance Tech·3 min read

CoreWeave Stock Gets All the Headlines, but This AI Pick Could Outperform It

CoreWeave's growth faces competition from Alphabet's cloud services.

CoreWeave has captured headlines since its IPO due to its rapid growth in the AI sector, particularly in renting capacity for AI workloads. However, Alphabet, with its extensive cloud services and strong advertising revenue, is positioned to outperform CoreWeave in the long run, as evidenced by a 48% increase in Google Cloud revenue driven by AI demand.

Key Takeaways

  • 1.

    CoreWeave's stock has surged about 100% over the past year.

  • 2.

    Alphabet's Google Cloud revenue increased 48% to $17 billion recently.

  • 3.

    Alphabet's AI initiatives are enhancing its core advertising business.

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CoreWeave Stock Gets All the Headlines, but This AI Pick Could Outperform It | Trace