CoreWeave has generated explosive gains since its market debut two months ago.

CoreWeave ( CRWV 4.26% ) , a provider of dedicated artificial intelligence (AI) cloud infrastructure services, launched its initial public offering (IPO) on March 28 at $40 a share. Its stock barely budged after the IPO, but it warmed up in April, heated up even more throughout May, and now trades at about $156 per share. During that same period, the S&P 500 only rose 7% as the Nasdaq Composite advanced 12%.

Let's see why CoreWeave's stock more than quadrupled in just over two months -- and if it's still worth chasing today.

What does CoreWeave do?

CoreWeave was founded in 2017 as a cryptocurrency miner that purchased large quantities of GPUs to mine Ethereum . But after the cryptocurrency crash

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