Why Cathie Wood Keeps Buying CoreWeave (CRWV) Stock at Premium Prices

FomoAnxiety · 2026-04-02T05:52:22+00:00

Cathie Wood's ARK Invest increased its stake in CoreWeave, a cloud infrastructure firm, despite its high valuation, due to its specialization in GPU-optimized cloud computing for AI, driven by demand from major companies.

FomoAnxiety

2026-04-02 05:52:22

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Cathie Wood’s ARK Invest ETFs (exchange-traded funds) made notable portfolio adjustments on Wednesday, April 1, as shown in ARK’s daily fund disclosures. Interestingly, Wood has steadily raised ARK’s stake in cloud infrastructure firm CoreWeave CRWV +1.25% ▲ , even at its sky-high valuation. CRWV trades at an EV/Sales multiple (enterprise value-to-sales) of 13x, significantly higher than the sector average of 3.13x.

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Why Bet on CRWV Despite Sky-High Prices?

CoreWeave commands this premium because it specializes in GPU-optimized cloud computing for AI workloads. It capitalizes on explosive demand from hyperscalers like Microsoft MSFT -0.22% ▼ and OpenAI. Nvidia NVDA +0.77% ▲ GPU shortages could last into 2026, but CoreWeave’s integrated setup, owning data centers and locking in supply contracts, makes it a top growth pick in a multi-billion-dollar market.

The ARK Innovation Fund ARKK +1.20% ▲ bought 15,419 CRWV shares for roughly $1.21 million. ARKK also acquired 26,515 shares for about $2.05 million on March 31.

Other trades included buying shares of GeneDx Holdings WGS +2.02% ▲ , Kodiak AI KDK +3.75% ▲ , Oklo OKLO -3.07% ▼ , and Arcturus Therapeutics ARCT +1.68% ▲ . Meanwhile, Wood sold 77,448 shares of Strata Critical Medical (SRTA), a provider of urgent logistics and medical services to U.S. healthcare providers.

Should You Buy CoreWeave Stock?

Shares rose 1.25% yesterday, following a 12% jump in the previous session. The gain came after the company announced it had secured an $8.5 billion financing deal backed by its GPU infrastructure. The deal gives CoreWeave access to a new investment-grade funding structure. This is the first time such financing has been secured using high-performance computing (HPC) infrastructure tied to a customer contract.

Analysts remain divided on CoreWeave’s long-term potential. On TipRanks, CRWV stock has a Moderate Buy consensus rating based on 13 Buys, nine Holds, and one Sell rating. The average CoreWeave price target of $114.20 implies 45.6% upside potential from current levels. Year-to-date, CRWV shares have gained 9.5%.

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