CoreWeave disclosed an impressive customer list when it filed its Form S-1 with the SEC prior to its initial public offering, including IBM, Meta Platforms, Microsoft, and Nvidia. Since then, CoreWeave has won new contracts with OpenAI and an unnamed hyperscaler, such that the company now has a revenue backlog of nearly $26 billion.

Artificial intelligence (AI) stocks scored major gains over the past two years as investors bet on the power of the technology to revolutionize the world -- from our daily lives to how companies operate.