CoreWeave Trades at a Discount Despite Larger AI Data-Center Scale

CoreWeave, the largest specialized AI cloud operator by revenue, is trading at a lower market valuation than smaller neocloud peers even as it leads in live power capacity, contracted backlog and the pace of capital deployment. Investors have applied a discount to the Nasdaq-listed GPU cloud (CRWV), while company results and independent research still show a sizable gap versus rivals on scale and booked demand.