Meta Platforms Is Entering the Neocloud Business. Here's Why CoreWeave Investors Should Not Worry.

CoreWeave stock dropped 18% after Meta announced entry into the neocloud business. However, the article argues CoreWeave investors shouldn't worry due to the industry's rapid 46% CAGR growth, CoreWeave's 112% yearly revenue increase, its Nvidia partnership providing competitive advantages, and an attractive P/S ratio of 6.5 compared to double-digit ratios for typical growth tech stocks.