New Multibagger Stock: A relatively unknown AI cloud startup, CoreWeave, has turned heads on Wall Street with a jaw-dropping 300% rally in just 12 days. The stock, which debuted on the US stock market in March this year, was off the radar until a surge in demand for AI infrastructure sparked renewed investor interest.
Initially listed at $40 per share, CoreWeave stock had dropped to as low as $33.52. But in a dramatic reversal, the new multibagger stock skyrocketed to $187 before closing at $159.99 last Friday.
From Slow Start to Explosive Growth
CoreWeave’s spectacular rally coincided with major developments in the AI sector, including partnerships and investments from giants like Microsoft, OpenAI, and Nvidia. The excitement around AI-related infrastructure projects catapulted CoreWeave into the spotlight.
The company’s performance now ranks it among 2025’s top-performing tech stocks. The new multibagger stock not only enriched investors but also transformed its leadership team into billionaires overnight.
CEO’s Net Worth Doubles
According to the Bloomberg Billionaires Index, CoreWeave’s CEO, Michael Intrator, saw his wealth more than double in just 12 days from $5 billion to over $10 billion. In Indian currency, that’s a staggering gain of ₹42,742 crore.
Co-founders also rode the wave. Chief Strategy Officer Brian Venturo now boasts a net worth of $6.4 billion, while Chief Development Officer Brannin McBee holds $4.7 billion.
Confidence That Paid Off
Michael Intrator had always expressed confidence in his company’s potential. In a past interview with Fortune, he emphasized belief in their business model and software capabilities, stating that their infrastructure and demand trajectory would eventually deliver long-term value to customers and stakeholders.
The Hottest AI Stock of the Year
CoreWeave’s turnaround story stands as a testament to how tech stocks, especially those aligned with booming sectors like AI can deliver exponential returns in a short time.
While not listed on Indian exchanges, the new multibagger stock is attracting global attention and remains a symbol of how timing and sectoral shifts can create overnight fortunes.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice. Stock market investments are subject to risks. Please consult a financial advisor before investing.
