<p><strong>英伟达</strong> 在今年一月向新云基础设施提供商 <strong>CoreWeave</strong> 投资了 20 亿美元，以帮助后者建立由其芯片驱动的人工智能（AI）工厂。尽管经历了一些波动，但该投资自那时以来已增值 11%。</p>
<p>然而，看到这只 人工智能股票 未来上涨并不令人惊讶，因为它在人工智能基础设施生态系统中扮演着重要角色，专注于建设专用的 AI 数据中心。让我们看看这个快速增长的公司为何现在可能是您投资组合的理想补充。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg3NjcxMi9jb3Jld2VhdmVfdG1mLnBuZxZ3PTM4NDAWb3A9cmVzaXpl?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg3NjcxMi9jb3Jld2VhdmVfdG1mLnBuZxZ3PTM4NDAWb3A9cmVzaXpl"/></p>
<p>图片来源：The Motley Fool。</p>
<h2>CoreWeave 庞大的订单积压将推动多年的出色增长</h2>
<p>云计算巨头如 <strong>Meta Platforms</strong> 和 <strong>微软</strong> 在建设 AI 数据中心方面投入了大量资金。微软在上一季度报告的剩余履约义务（RPO）为 6270 亿美元，几乎是去年同期的两倍，因其 AI 服务的需求不断增加。另一方面，Meta 在数据中心基础设施上的支出也很大，以为客户和广告商构建 AI 产品。</p>
<p>展开</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9hcnQvY29tcGFueWxvZ29zL21hcmsvQ1JXVi5wbmcWdz0xMjgWb3A9cmVzaXpl?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="CoreWeave 股票报价" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9hcnQvY29tcGFueWxvZ29zL21hcmsvQ1JXVi5wbmcWdz0xMjgWb3A9cmVzaXpl"/></p>
<h2>NASDAQ: CRWV</h2>
<p>CoreWeave</p>
<p>今日变动</p>
<p>(-2.27%) $-2.24</p>
<p>当前价格</p>
<p>$96.52</p>
<h3>关键数据点</h3>
<p>市值</p>
<p>$540 亿</p>
<p>日内区间</p>
<p>$93.50 - $98.10</p>
<p>52 周区间</p>
<p>$63.80 - $173.35</p>
<p>成交量</p>
<p>882.3K</p>
<p>平均成交量</p>
<p>30.6M</p>
<p>毛利率</p>
<p>34.82%</p>
<p>CoreWeave 受益于其激进的资本支出，获得了为这些公司提供数据中心容量的大型合同。然而，CoreWeave 的客户群体不仅限于这些超大规模公司，像 OpenAI 和 Anthropic 也转向 CoreWeave 建立数据中心。</p>
<p>事实上，CoreWeave 在其 5 月的 财报电话会议 中指出，有 10 位客户承诺至少花费 10 亿美元租用公司的数据中心容量。此外，CoreWeave 还通过增加金融服务客户，如 Jane Street 和 Hudson River Trading，来多样化其客户基础。它还增加了其他纯 AI 公司的客户，如 Perplexity AI。</p>
<p><strong>高盛</strong> 预测，美国的数据中心电力需求将在明年翻倍，从 2025 年的 31 吉瓦（GW）上升至 66 吉瓦（GW）。毫不奇怪，AI 公司和超大规模公司迅速购买 CoreWeave 等公司的可用数据中心电力容量。</p>
<p>这解释了为什么 CoreWeave 的收入积压高达惊人的 994 亿美元，该指标在第一季度同比增长 284%。相比之下，该公司的季度收入增长了 112%，达到了 21 亿美元。随着 CoreWeave 建设更多数据中心，收入增长率将急剧加快。</p>
<p>该公司的活跃数据中心电力容量在第一季度突破了 1 吉瓦。重要的是，它将其合同电力容量增加到 3.5 吉瓦。合同容量是 CoreWeave 从公用事业供应商那里获得的电力，以建设 AI 数据中心。这表明 CoreWeave 未来可以将其活跃容量增加三倍以上。值得注意的是，CoreWeave 计划在本十年末之前建设 8 吉瓦的活跃数据中心容量。</p>
<p>当然，建设 AI 数据中心是一项资本密集型的事业，这解释了为什么 CoreWeave 一直在承担大量债务以资助其扩张。因此，其第一季度的利息支出同比翻倍，达到了 5.36 亿美元。CoreWeave 今年通过债务和股权融资筹集了 200 亿美元，这表明利息支出将继续对其底线产生压力。</p>
<p>然而，该公司正在努力降低融资成本，管理层指出，&#34;以更低的综合成本扩大资本获取将继续成为 CoreWeave 的重要杠杆，因为我们将积压转化为收入和运营现金流。&#34; CoreWeave 估计，在未来两年内将有 36% 的积压转化为收入，而在未来四年内，75% 的积压可能会被确认作为收入。</p>
<p>因此，CoreWeave 预计其年化收入将从 2026 年底的 180 亿美元跃升至 2027 年底的 300 亿美元。CoreWeave 将积压积极转化为收入的激进策略也将提升其底线。</p>
<p></p>
<p>数据来源：YCharts</p>
<h2>这只股票为何看起来像潜在的多倍收益股</h2>
<p>CoreWeave 股票 在 2026 年上涨了 22%，这有助于解释为什么它仍然可以以不到 8 倍的销售额购买，考虑到以技术为主的 <strong>纳斯达克综合指数</strong> 的市销率为 5.2，这并不算贵。它的轻微溢价可以通过其不断膨胀的积压、三位数的收入增长以及未来维持稳健增长的能力来证明。</p>
<p></p>
<p>数据来源：YCharts</p>
<p>如果 CoreWeave 的营收确实在 2028 年底前跃升至 400 亿美元，并且以纳斯达克综合指数的销售倍数进行交易，其市值可能会增加到 2080 亿美元。这远高于其当前的 530 亿美元市值，表明这只成长股可能会成为多倍收益股。这就是为什么现在购买 CoreWeave 似乎是一个明智的选择，因为它正在采取正确的措施来利用对人工智能数据中心日益增长的需求。</p>

CRWV

CRWG

CRWU

CORD

CWVX

<p>CoreWeave 是一家由 Nvidia 支持的人工智能基础设施提供商，由于其 994 亿美元的订单积压和三位数的收入增长，备受关注，具有多倍回报的潜力。CoreWeave 获得了来自超大规模云计算公司和人工智能公司的重大合同，旨在显著扩大数据中心的容量。尽管由于债务融资导致高额利息支出，但该股票相对于其增长轨迹的估值仍然具有吸引力，分析师预计未来收入将大幅增加</p>

<p><strong>Nvidia</strong> invested $2 billion in neocloud infrastructure provider <strong>CoreWeave</strong>( CRWV 2.27%) in January this year to help the latter build artificial intelligence (AI) factories powered by its chips. That investment has appreciated 11% since then despite bouts of volatility.</p>
<div class="lb-trans"><p><strong>英伟达</strong> 在今年一月向新云基础设施提供商 <strong>CoreWeave</strong> 投资了 20 亿美元，以帮助后者建立由其芯片驱动的人工智能（AI）工厂。尽管经历了一些波动，但该投资自那时以来已增值 11%。</p>
</div><p>However, it won't be surprising to see this AI stock jump higher in the future, as it plays an important role in the AI infrastructure ecosystem by building dedicated AI data centers. Let's look at the reasons why this fast-growing company could be an ideal addition to your portfolio right now.</p>
<div class="lb-trans"><p>然而，看到这只 人工智能股票 未来上涨并不令人惊讶，因为它在人工智能基础设施生态系统中扮演着重要角色，专注于建设专用的 AI 数据中心。让我们看看这个快速增长的公司为何现在可能是您投资组合的理想补充。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NzY3MTIvY29yZXdlYXZlX3RtZi5wbmcmdz0zODQw" alt="CoreWeave company name and logo in white on a purple background." original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F876712%2Fcoreweave_tmf.png&amp;w=3840&amp;op=resize"/></p>
<p>Image source: The Motley Fool.</p>
<div class="lb-trans"><p>图片来源：The Motley Fool。</p>
</div><h2>CoreWeave's enormous backlog is going to fuel years of terrific growth</h2>
<div class="lb-trans"><h2>CoreWeave 庞大的订单积压将推动多年的出色增长</h2>
</div><p>Cloud computing giants such as <strong>Meta Platforms</strong> and <strong>Microsoft</strong> have been spending heavily on building AI data centers. Microsoft reported remaining performance obligations (RPO) of $627 billion in the previous quarter, nearly doubling year over year due to increasing demand for its AI services. Meta, on the other hand, is spending big on data center infrastructure to build AI products for customers and advertisers.</p>
<div class="lb-trans"><p>云计算巨头如 <strong>Meta Platforms</strong> 和 <strong>微软</strong> 在建设 AI 数据中心方面投入了大量资金。微软在上一季度报告的剩余履约义务（RPO）为 6270 亿美元，几乎是去年同期的两倍，因其 AI 服务的需求不断增加。另一方面，Meta 在数据中心基础设施上的支出也很大，以为客户和广告商构建 AI 产品。</p>
</div><p>Expand</p>
<div class="lb-trans"><p>展开</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0NSV1YucG5nJnc9MTI4" alt="CoreWeave Stock Quote" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fart%2Fcompanylogos%2Fmark%2FCRWV.png&amp;w=128&amp;op=resize"/></p>
<h2>NASDAQ: CRWV</h2>
<div class="lb-trans"><h2>NASDAQ: CRWV</h2>
</div><p>CoreWeave</p>
<div class="lb-trans"><p>CoreWeave</p>
</div><p>Today's Change</p>
<div class="lb-trans"><p>今日变动</p>
</div><p>(-2.27%) $-2.24</p>
<div class="lb-trans"><p>(-2.27%) $-2.24</p>
</div><p>Current Price</p>
<div class="lb-trans"><p>当前价格</p>
</div><p>$96.52</p>
<div class="lb-trans"><p>$96.52</p>
</div><h3>Key Data Points</h3>
<div class="lb-trans"><h3>关键数据点</h3>
</div><p>Market Cap</p>
<div class="lb-trans"><p>市值</p>
</div><p>$54B</p>
<div class="lb-trans"><p>$540 亿</p>
</div><p>Day's Range</p>
<div class="lb-trans"><p>日内区间</p>
</div><p>$93.50 - $98.10</p>
<div class="lb-trans"><p>$93.50 - $98.10</p>
</div><p>52wk Range</p>
<div class="lb-trans"><p>52 周区间</p>
</div><p>$63.80 - $173.35</p>
<div class="lb-trans"><p>$63.80 - $173.35</p>
</div><p>Volume</p>
<div class="lb-trans"><p>成交量</p>
</div><p>882.3K</p>
<div class="lb-trans"><p>882.3K</p>
</div><p>Avg Vol</p>
<div class="lb-trans"><p>平均成交量</p>
</div><p>30.6M</p>
<div class="lb-trans"><p>30.6M</p>
</div><p>Gross Margin</p>
<div class="lb-trans"><p>毛利率</p>
</div><p>34.82%</p>
<div class="lb-trans"><p>34.82%</p>
</div><p>CoreWeave has been the beneficiary of their aggressive capital spending, landing massive contracts to provide data center capacity for these companies. However, CoreWeave's customer base extends beyond these hyperscalers, as the likes of OpenAI and Anthropic have also turned to CoreWeave to build data centers.</p>
<div class="lb-trans"><p>CoreWeave 受益于其激进的资本支出，获得了为这些公司提供数据中心容量的大型合同。然而，CoreWeave 的客户群体不仅限于这些超大规模公司，像 OpenAI 和 Anthropic 也转向 CoreWeave 建立数据中心。</p>
</div><p>In fact, CoreWeave noted in its May earnings call that it has 10 customers who have committed to spending at least $1 billion each to rent data center capacity from the company. Moreover, CoreWeave is diversifying its customer base by adding financial services clients, such as Jane Street and Hudson River Trading. It has also added other pure-play AI companies, such as Perplexity AI, to its client list.</p>
<div class="lb-trans"><p>事实上，CoreWeave 在其 5 月的 财报电话会议 中指出，有 10 位客户承诺至少花费 10 亿美元租用公司的数据中心容量。此外，CoreWeave 还通过增加金融服务客户，如 Jane Street 和 Hudson River Trading，来多样化其客户基础。它还增加了其他纯 AI 公司的客户，如 Perplexity AI。</p>
</div><p><strong>Goldman Sachs</strong> predicts that data center power demand in the U.S. is going to double by next year, rising to 66 gigawatts (GW) from 31 GW in 2025. Not surprisingly, AI companies and hyperscalers have been quickly buying the available data center power capacity from the likes of CoreWeave.</p>
<div class="lb-trans"><p><strong>高盛</strong> 预测，美国的数据中心电力需求将在明年翻倍，从 2025 年的 31 吉瓦（GW）上升至 66 吉瓦（GW）。毫不奇怪，AI 公司和超大规模公司迅速购买 CoreWeave 等公司的可用数据中心电力容量。</p>
</div><p>This explains why CoreWeave's revenue backlog sits at a remarkable $99.4 billion, with the metric growing by 284% year over year in Q1. For comparison, the company's quarterly revenue rose 112% to $2.1 billion. That revenue growth rate will accelerate sharply as CoreWeave builds more data centers.</p>
<div class="lb-trans"><p>这解释了为什么 CoreWeave 的收入积压高达惊人的 994 亿美元，该指标在第一季度同比增长 284%。相比之下，该公司的季度收入增长了 112%，达到了 21 亿美元。随着 CoreWeave 建设更多数据中心，收入增长率将急剧加快。</p>
</div><p>The company's active data center power capacity crossed the 1 GW mark in Q1. Importantly, it increased its contracted power capacity to 3.5 GW. The contracted capacity is the electrical power that CoreWeave has secured from utility providers to build AI data centers. This suggests CoreWeave can more than triple its active capacity in the future. What's worth noting is that CoreWeave aims to build 8 GW of active data center capacity by the end of the decade.</p>
<div class="lb-trans"><p>该公司的活跃数据中心电力容量在第一季度突破了 1 吉瓦。重要的是，它将其合同电力容量增加到 3.5 吉瓦。合同容量是 CoreWeave 从公用事业供应商那里获得的电力，以建设 AI 数据中心。这表明 CoreWeave 未来可以将其活跃容量增加三倍以上。值得注意的是，CoreWeave 计划在本十年末之前建设 8 吉瓦的活跃数据中心容量。</p>
</div><p>Of course, building AI data centers is a capital-intensive endeavor, which explains why CoreWeave has been taking on significant debt to fund its expansion. As a result, its interest expense doubled year over year in Q1 to $536 million. CoreWeave has raised $20 billion this year through debt and equity financing, suggesting that interest expenses will continue to weigh on its bottom line.</p>
<div class="lb-trans"><p>当然，建设 AI 数据中心是一项资本密集型的事业，这解释了为什么 CoreWeave 一直在承担大量债务以资助其扩张。因此，其第一季度的利息支出同比翻倍，达到了 5.36 亿美元。CoreWeave 今年通过债务和股权融资筹集了 200 亿美元，这表明利息支出将继续对其底线产生压力。</p>
</div><p>However, the company is trying to lower financing costs, with management pointing out that it is &#34;broadening access to capital at lower blended cost will continue to be an important lever for CoreWeave as we convert backlog to revenue and operating cash flow.&#34; CoreWeave estimates that it will convert 36% of its backlog into revenue over the next two years, while 75% of the backlog is likely to be recognized as revenue over the next four years.</p>
<div class="lb-trans"><p>然而，该公司正在努力降低融资成本，管理层指出，&#34;以更低的综合成本扩大资本获取将继续成为 CoreWeave 的重要杠杆，因为我们将积压转化为收入和运营现金流。&#34; CoreWeave 估计，在未来两年内将有 36% 的积压转化为收入，而在未来四年内，75% 的积压可能会被确认作为收入。</p>
</div><p>As a result, CoreWeave expects its annualized run rate revenue to jump from $18 billion at the end of 2026 to $30 billion at the end of 2027. The aggressive conversion of CoreWeave's backlog into revenue will also boost its bottom line.</p>
<div class="lb-trans"><p>因此，CoreWeave 预计其年化收入将从 2026 年底的 180 亿美元跃升至 2027 年底的 300 亿美元。CoreWeave 将积压积极转化为收入的激进策略也将提升其底线。</p>
</div><p></p>
<div class="lb-trans"><p></p>
</div><p>Data by YCharts</p>
<div class="lb-trans"><p>数据来源：YCharts</p>
</div><h2>Here's why this stock looks like a potential multibagger</h2>
<div class="lb-trans"><h2>这只股票为何看起来像潜在的多倍收益股</h2>
</div><p>CoreWeave stock has jumped by 22% in 2026, which helps explain why it can still be bought at just under 8 times sales, which isn't very expensive considering that the tech-focused <strong>Nasdaq Composite</strong> index has a price-to-sales ratio of 5.2. The slight premium it trades at can be justified by its ballooning backlog, triple-digit revenue growth, and the ability to sustain solid growth in the future.</p>
<div class="lb-trans"><p>CoreWeave 股票 在 2026 年上涨了 22%，这有助于解释为什么它仍然可以以不到 8 倍的销售额购买，考虑到以技术为主的 <strong>纳斯达克综合指数</strong> 的市销率为 5.2，这并不算贵。它的轻微溢价可以通过其不断膨胀的积压、三位数的收入增长以及未来维持稳健增长的能力来证明。</p>
</div><p></p>
<div class="lb-trans"><p></p>
</div><p>Data by YCharts</p>
<div class="lb-trans"><p>数据来源：YCharts</p>
</div><p>If CoreWeave's top line indeed jumps to $40 billion by the end of 2028 and it trades at the Nasdaq Composite's sales multiple, its market cap could increase to $208 billion. That's significantly higher than its current market cap of $53 billion, indicating that this growth stock could become a multibagger. That's why buying CoreWeave seems like a no-brainer right now, as it is pulling the right strings to capitalize on the booming demand for AI data centers.</p>
<div class="lb-trans"><p>如果 CoreWeave 的营收确实在 2028 年底前跃升至 400 亿美元，并且以纳斯达克综合指数的销售倍数进行交易，其市值可能会增加到 2080 亿美元。这远高于其当前的 530 亿美元市值，表明这只成长股可能会成为多倍收益股。这就是为什么现在购买 CoreWeave 似乎是一个明智的选择，因为它正在采取正确的措施来利用对人工智能数据中心日益增长的需求。</p>
</div>

This Nvidia-Backed Artificial Intelligence (AI) Infrastructure Stock Has Multibagger Potential. It Is Trading at an Incredibly Attractive Valuation Right Now

- Nvidia 在 2026 年投资了 20 亿美元于 CoreWeave，助力其建立 AI 数据中心。  
- CoreWeave 的收入 backlog 达到 994 亿美元，年增长 284%，预计将显著增加收入。  
- 若未来收入升至 400 亿美元，其市值可达 2080 亿美元，显示出其增长潜力。

Motley Fool

Coreweave

Leverage Shares 2X Long CRWV Daily ETF

T-REX 2X Long CRWV Daily Target ETF

T-REX 2X Inverse CRWV Daily Target ETF

Tradr 2X Long CRWV Daily ETF

GraniteShares YieldBOOST CRWV ETF

英伟达

微软

纳斯达克综合指数

OpenAI

高盛

NVIDIA Corporation

GS Hldg R

这只获得 Nvidia 支持的人工智能（AI）基础设施股票具有多倍增长的潜力。目前，它的估值非常具有吸引力