Nvidia’s 13F Shows Sole Add-On to CoreWeave at Over 90% — Is CoreWeave a Buy?

TradingKey - In Nvidia’s Q2 2025 13F filing, CoreWeave (CRWV) stands out as the only stock Nvidia added to its portfolio during the quarter, increasing its stake to over 90% of its total holdings.

According to WhaleWisdom, Nvidia purchased 95,113 shares of CoreWeave in Q2, raising its portfolio allocation from 78.17% in Q1 to 91.36% in Q2.

Nvidia first bought CoreWeave shares in Q1 2025, and this latest move signals a full commitment to the enterprise GPU cloud services provider — an “All in” bet. In contrast, Nvidia made no changes to its other five holdings — including Arm and Applied Digital — during the quarter.

Nvidia Q2 2025 13F Holdings, Source: WhaleWisdom

Last week, CoreWeave released its second earnings report since going public, reporting strong results:

• Q2 revenue surged 206.7% YoY, above expectations
• Net loss narrowed by 10% YoY, but missed expectations
• Q3 profit guidance fell far short of analyst forecasts

Following the report, CoreWeave’s stock plunged over 30% in two days.

Two days after the earnings release, CoreWeave held its first post-IPO share unlock, and media reports indicated that the number of sellers in the block trade was surprisingly large.

Undeniably, CoreWeave’s growth momentum remains strong. The company’s CEO said they are expanding rapidly to meet unprecedented AI demand. Their purpose-built AI cloud platform continues to set new benchmarks in performance and scalability, including being the first to offer the full Blackwell GPU portfolio at scale.

It is precisely this “Nvidia supply chain advantage” that has driven investor interest — shares more than tripled from its March IPO to their peak.

However, Wall Street analysts remain cautious. According to Tipranks, among 24 analysts covering CoreWeave stock, only 6 have a Buy rating, 16 have Hold, and 2 have Sell.

Morgan Stanley’s Keith Weiss acknowledges CoreWeave’s strong position in securing large contracts with Microsoft and OpenAI, but highlights significant customer concentration risk.

DA Davidson argues that CoreWeave’s business model is not scalable, with deteriorating profitability and rising debt costs as key concerns. The firm set a $36 price target, implying over 60% downside from current levels.

In contrast, Cathie Wood’s ARK Invest saw an opportunity amid the sell-off. Her ARKW ETF purchased 120,229 shares of CoreWeave last Friday — a clear “buy the dip” signal.