CoreWeave (NASDAQ:CRWV) carries a Hold rating at $53.74 after a 40.04% drop over the past month, as investors question who is paying its bills and how quickly its GPUs lose value. The company rents NVIDIA GPU capacity to AI labs, hyperscalers such as Meta, and enterprises, with OpenAI, Meta and Microsoft as its largest counterparties. Second-quarter revenue reached $2.58 billion, up 112.3% year over year, and the revenue backlog stands at $104.2 billion. Depreciation and amortization hit $1.393 billion, about 54% of revenue, while interest expense rose to $640 million from $267 million. Total liabilities of $72.05 billion sit against $5.02 billion of equity, and the average analyst target of $134.58 comes from 42 analysts.
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