Down 53%, Should You Still Buy CoreWeave's (CRWV) Stock?

CoreWeave's stock has declined 53% from its June 2025 peak of $183.58 to $86, but the article argues it may represent a buying opportunity. The AI infrastructure provider operates 51 data centers with over 250,000 Nvidia GPUs, serving major clients like Meta, Microsoft, and OpenAI. Despite explosive 168% revenue growth to $5.1B in 2025 and a $104B contracted revenue backlog, CoreWeave remains unprofitable under GAAP accounting with a concerning 14.3 debt-to-equity ratio. Analysts project continued strong growth through 2028, valuing the stock at just 12x adjusted EBITDA.