<p>投資者們發現了另一種押注人工智能（AI）巨頭 <strong>Nvidia</strong>（NVDA -0.24%）成功的方法，那就是購買 <strong>CoreWeave</strong>（CRWV -3.71%）的股票。這家新上市的科技公司——它在三月份完成了首次公開募股（IPO）——為客户提供了訪問大量 Nvidia 頂級 AI 芯片的機會，這幫助其收入飆升。Nvidia 也顯示出對 CoreWeave 潛力的信心，因為該公司已經投資了 CoreWeave 的股票。實際上，Nvidia 持有價值 39.6 億美元的 CoreWeave 股票，使其成為這家芯片設計公司股票投資組合中的最大持股。</p>
<p>所有這些因素幫助 CoreWeave 的股票從三月份的 IPO 到六月份的高峰上漲了超過 350%。但從那個高峰以來，股票已經下跌了約 50%，因為一些投資者擔心 CoreWeave 幾個月前宣佈的一項十億美元收購以及最近的季度虧損超出預期。CoreWeave 是一個在下跌時買入的股票，還是一個應該避免的股票？讓我們來看看。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzE4MDcvZ2V0dHlpbWFnZXMtMjE0ODExMzM1MC0xMjAxeDc3Mi1mOWZkMGM2LmpwZyZ3PTcwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzE4MDcvZ2V0dHlpbWFnZXMtMjE0ODExMzM1MC0xMjAxeDc3Mi1mOWZkMGM2LmpwZyZ3PTcwMA"/></p>
<p>圖片來源：Getty Images。</p>
<h2>訪問 Nvidia 的 GPU</h2>
<p>首先，讓我們考慮 CoreWeave 的業務。如前所述，該公司為客户提供租用 Nvidia 圖形處理單元（GPU）的能力——在 30 多個數據中心中大約有 250,000 個。當然，CoreWeave 面臨來自大型雲服務提供商的競爭，因為他們也向客户提供這些頂級 AI 芯片，但 CoreWeave 因幾個原因而脱穎而出。首先，CoreWeave 專門為 AI 構建了其平台，因此能夠為客户提供最佳的速度和靈活性。對這些客户的優勢在於，他們可以更快地完成項目並降低成本。</p>
<p>其次，CoreWeave 多次率先提供 Nvidia 最新芯片的普遍可用性——從今年早些時候的 Blackwell 到最近的 Blackwell Ultra 更新。這一記錄可能會吸引越來越多的客户，因為他們知道 CoreWeave 一定會擁有最新的高性能計算資源。</p>
<p>説到客户，CoreWeave 在這裏看到了積極的勢頭。在最近的一個季度，該公司表示其 AI 雲服務的需求正在 “快速增長”，並提到各行業客户的增加。CoreWeave 還表示，兩家主要雲服務提供商擴大了與公司的協議。</p>
<h2>提升全年指引</h2>
<p>得益於這種需求和 AI 增長前景，CoreWeave 第二次上調了全年指引——現在預計收入為 51.5 億至 53.5 億美元，比之前的預測增加了 2.5 億美元。</p>
<p>但由於 CoreWeave 的業務需要大量投資，投資者對公司的虧損表示擔憂。在第二季度，它報告每股虧損 60 美分，未能達到分析師對每股虧損 20 美分的預期。此外，一些股東對 CoreWeave 收購 AI 基礎設施公司 Core Scientific 的計劃表示擔憂。</p>
<p>這筆全股票交易不會增加債務，但將公司與當前運營整合仍可能導致短期成本。還有另一個潛在風險：CoreWeave 將收購結構化為全股票交易——Core Scientific 的股東將獲得 CoreWeave 的股票——這意味着 CoreWeave 當前股價的下跌可能會影響交易條款。</p>
<h2>是買入還是避免的股票？</h2>
<p>因此，考慮到所有這些，CoreWeave 是一個在下跌時買入的股票，還是一個應該避免的股票？CoreWeave 的股票，像許多年輕的成長公司一樣，存在一定風險。該公司必須大量投資以建立其產品以服務客户，這可能會延遲盈利。收購 Core Scientific 在短期內增加了不確定性，但重要的是要看看這一舉措如何與長期戰略相契合。收購 Core Scientific 為 CoreWeave 提供了擁有基礎設施的機會，未來可減少 100 億美元的租賃負債。這意味着這一舉措，儘管目前可能對 CoreWeave 構成壓力，但可能幫助公司擴大基礎設施以服務更多客户並降低成本。</p>
<p>現在，您是否購買 CoreWeave 的決定取決於您對風險的承受能力。如果您是一個謹慎的投資者，您可能會覺得在旁觀更為舒適。在 Core Scientific 交易在第四季度完成之前，股票可能會經歷一些波動。</p>
<p>但如果您是一個成長型投資者，並且對任何波動感到舒適，現在是以合理的價格投資這個潛在的 AI 巨頭的絕佳時機——並可能在 CoreWeave 受益於持續的 AI 熱潮時獲利。</p>

CRWV

<p>CoreWeave 是一家提供 Nvidia AI 芯片訪問的科技公司，其股票在強勁的首次公開募股後已從高峰下跌 50%。儘管最近出現季度虧損，並且對一項十億美元收購的擔憂加劇，但其 AI 雲服務的需求正在增長，這促使其提高了收入指引。投資者面臨選擇：在下跌時買入，還是因重投資和收購整合的風險而選擇迴避。成長型投資者可能會發現現在有價值，而謹慎的投資者可能更傾向於等待收購完成</p>

<p>Investors have found another way to bet on the success of artificial intelligence (AI) powerhouse <strong>Nvidia</strong>(NVDA -0.24%), and that's been through buying shares of <strong>CoreWeave</strong>(CRWV -3.71%). This new-to-the-market tech company -- it completed its initial public offering (IPO) in March -- offers customers access to a huge fleet of Nvidia's top-performing AI chips, and this has helped its revenue soar. Nvidia has shown that it's a believer in CoreWeave's potential too, as the company has invested in CoreWeave stock. In fact, Nvidia holds $3.96 billion in CoreWeave shares, making this the top holding in the chip designer's stocks portfolio.</p>
<div class="lb-trans"><p>投資者們發現了另一種押注人工智能（AI）巨頭 <strong>Nvidia</strong>（NVDA -0.24%）成功的方法，那就是購買 <strong>CoreWeave</strong>（CRWV -3.71%）的股票。這家新上市的科技公司——它在三月份完成了首次公開募股（IPO）——為客户提供了訪問大量 Nvidia 頂級 AI 芯片的機會，這幫助其收入飆升。Nvidia 也顯示出對 CoreWeave 潛力的信心，因為該公司已經投資了 CoreWeave 的股票。實際上，Nvidia 持有價值 39.6 億美元的 CoreWeave 股票，使其成為這家芯片設計公司股票投資組合中的最大持股。</p>
</div><p>All of this helped CoreWeave's shares climb more than 350% from their IPO in March through a peak in June. But from that peak, the stock has since declined about 50% as some investors worry about a billion-dollar acquisition that CoreWeave announced a couple of months ago and a recent deeper-than-expected quarterly loss. Is CoreWeave a stock to buy on the dip or one to avoid? Let's find out.</p>
<div class="lb-trans"><p>所有這些因素幫助 CoreWeave 的股票從三月份的 IPO 到六月份的高峰上漲了超過 350%。但從那個高峰以來，股票已經下跌了約 50%，因為一些投資者擔心 CoreWeave 幾個月前宣佈的一項十億美元收購以及最近的季度虧損超出預期。CoreWeave 是一個在下跌時買入的股票，還是一個應該避免的股票？讓我們來看看。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzE4MDcvZ2V0dHlpbWFnZXMtMjE0ODExMzM1MC0xMjAxeDc3Mi1mOWZkMGM2LmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F831807%2Fgettyimages-2148113350-1201x772-f9fd0c6.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>圖片來源：Getty Images。</p>
</div><h2>Access to Nvidia's GPUs</h2>
<div class="lb-trans"><h2>訪問 Nvidia 的 GPU</h2>
</div><p>So, first, let's consider CoreWeave's business. As mentioned, the company offers customers the ability to rent access to Nvidia's graphics processing units (GPUs) -- about 250,000 across more than 30 data centers. Of course, CoreWeave faces competition from the large cloud service providers as they too offer customers these top AI chips, but CoreWeave stands out for a couple of reasons. First, CoreWeave built out its platform specifically for AI, so that it can offer customers optimal speed and flexibility. The advantage for those customers is they may complete projects faster and limit their costs.</p>
<div class="lb-trans"><p>首先，讓我們考慮 CoreWeave 的業務。如前所述，該公司為客户提供租用 Nvidia 圖形處理單元（GPU）的能力——在 30 多個數據中心中大約有 250,000 個。當然，CoreWeave 面臨來自大型雲服務提供商的競爭，因為他們也向客户提供這些頂級 AI 芯片，但 CoreWeave 因幾個原因而脱穎而出。首先，CoreWeave 專門為 AI 構建了其平台，因此能夠為客户提供最佳的速度和靈活性。對這些客户的優勢在於，他們可以更快地完成項目並降低成本。</p>
</div><p>And second, CoreWeave has repeatedly been the first to offer the general availability of Nvidia's latest chips -- from Blackwell earlier this year to the Blackwell Ultra update just recently. This track record could bring more and more customers to CoreWeave as they know it's sure to have the latest high-power compute available.</p>
<div class="lb-trans"><p>其次，CoreWeave 多次率先提供 Nvidia 最新芯片的普遍可用性——從今年早些時候的 Blackwell 到最近的 Blackwell Ultra 更新。這一記錄可能會吸引越來越多的客户，因為他們知道 CoreWeave 一定會擁有最新的高性能計算資源。</p>
</div><p>Speaking of customers, CoreWeave is seeing positive momentum here. In the recent quarter, the company said demand for its AI cloud services is &#34;aggressively growing&#34; and mentioned gains in customers across industries. CoreWeave also said two major cloud service providers expanded their agreements with the company.</p>
<div class="lb-trans"><p>説到客户，CoreWeave 在這裏看到了積極的勢頭。在最近的一個季度，該公司表示其 AI 雲服務的需求正在 “快速增長”，並提到各行業客户的增加。CoreWeave 還表示，兩家主要雲服務提供商擴大了與公司的協議。</p>
</div><h2>Lifting full-year guidance</h2>
<div class="lb-trans"><h2>提升全年指引</h2>
</div><p>Thanks to this demand and AI growth prospects, CoreWeave lifted its full-year guidance for the second time -- it now aims for revenue of $5.15 billion to $5.35 billion, up by $250 million from its earlier forecast.</p>
<div class="lb-trans"><p>得益於這種需求和 AI 增長前景，CoreWeave 第二次上調了全年指引——現在預計收入為 51.5 億至 53.5 億美元，比之前的預測增加了 2.5 億美元。</p>
</div><p>But as CoreWeave's business requires extensive investment, investors have worried about the company's losses. In the second quarter, it reported a loss per share of 60 cents, missing analysts' estimates for a 20-cent loss per share. On top of this, some shareholders are concerned about CoreWeave's plan to acquire Core Scientific, an AI infrastructure company.</p>
<div class="lb-trans"><p>但由於 CoreWeave 的業務需要大量投資，投資者對公司的虧損表示擔憂。在第二季度，它報告每股虧損 60 美分，未能達到分析師對每股虧損 20 美分的預期。此外，一些股東對 CoreWeave 收購 AI 基礎設施公司 Core Scientific 的計劃表示擔憂。</p>
</div><p>The all-stock deal won't add to debt, but integration of the company with current operations still could result in near-term costs. And here's another potential risk: CoreWeave's structuring of the acquisition as an all-stock operation -- with Core Scientific shareholders receiving CoreWeave shares -- means the current decline in CoreWeave's stock price could upset the terms of the deal.</p>
<div class="lb-trans"><p>這筆全股票交易不會增加債務，但將公司與當前運營整合仍可能導致短期成本。還有另一個潛在風險：CoreWeave 將收購結構化為全股票交易——Core Scientific 的股東將獲得 CoreWeave 的股票——這意味着 CoreWeave 當前股價的下跌可能會影響交易條款。</p>
</div><h2>A buy or a stock to avoid?</h2>
<div class="lb-trans"><h2>是買入還是避免的股票？</h2>
</div><p>So, considering all of this, is CoreWeave a buy on the dip or a stock to avoid? CoreWeave stock, like many young growth companies, carries some risk. The company must invest heavily to build up its offerings to serve customers, and that could delay profitability. The Core Scientific acquisition adds uncertainty in the near term, but it's important to look at how this move will fit in with strategy over the long term. The addition of Core Scientific offers CoreWeave the opportunity to own infrastructure, cutting $10 billion in lease liability overhead down the road. That means this move, though a potential weight on CoreWeave at the moment, could help the company scale up its infrastructure to serve more customers and reduce costs.</p>
<div class="lb-trans"><p>因此，考慮到所有這些，CoreWeave 是一個在下跌時買入的股票，還是一個應該避免的股票？CoreWeave 的股票，像許多年輕的成長公司一樣，存在一定風險。該公司必須大量投資以建立其產品以服務客户，這可能會延遲盈利。收購 Core Scientific 在短期內增加了不確定性，但重要的是要看看這一舉措如何與長期戰略相契合。收購 Core Scientific 為 CoreWeave 提供了擁有基礎設施的機會，未來可減少 100 億美元的租賃負債。這意味着這一舉措，儘管目前可能對 CoreWeave 構成壓力，但可能幫助公司擴大基礎設施以服務更多客户並降低成本。</p>
</div><p>Right now, your decision whether to buy CoreWeave depends on your comfort with risk. If you're a cautious investor, you might feel more comfortable watching from the sidelines. Until the Core Scientific deal closes in Q4, the stock could experience some ups and downs.</p>
<div class="lb-trans"><p>現在，您是否購買 CoreWeave 的決定取決於您對風險的承受能力。如果您是一個謹慎的投資者，您可能會覺得在旁觀更為舒適。在 Core Scientific 交易在第四季度完成之前，股票可能會經歷一些波動。</p>
</div><p>But if you're a growth investor and comfortable with any fluctuations, now is a great time to get in on this potential AI giant for a reasonable price -- and potentially win as CoreWeave benefits from the ongoing AI boom.</p>
<div class="lb-trans"><p>但如果您是一個成長型投資者，並且對任何波動感到舒適，現在是以合理的價格投資這個潛在的 AI 巨頭的絕佳時機——並可能在 CoreWeave 受益於持續的 AI 熱潮時獲利。</p>
</div>

CoreWeave 股價下跌 50%，是否值得在低點買入？