In the cloud computing world, there are several major players.
They range from tech titans like Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) to upstarts like CoreWeave (NASDAQ: CRWV)
There are also different focuses, with Alphabet having an AI computing segment but also offering broad cloud computing services, while CoreWeave is completely focused on AI. But which company is the better investment in this space? Alphabet has a more diversified business For CoreWeave, it’s AI cloud computing relevancy or bust.
The neocloud company must build out its data center footprint on a wide scale and then become profitable. Neither are easy tasks, and it may not succeed in the end. Furthermore, a large chunk of CoreWeave’s business comes from just two customers right now: Microsoft and Meta Platforms.