In the long run, a strong business model and profitability are crucial.
Investors are currently enthusiastic about an AI startup, CoreWeave. This AI cloud provider is rapidly expanding its capabilities and has recently announced a $6 billion data center initiative. Since its initial public offering (IPO) earlier this year, its stock has surged, leading to a market capitalization of $70 billion.
However, CoreWeave is facing significant challenges. It remains deeply in debt and heavily reliant on the unpredictable nature of AI cloud spending. This raises concerns about its stock, which might let investors down in the coming years. In fact, I anticipate that two other stocks could outshine CoreWeave a decade from now: Coupang and SoFi Technology. Here’s why.
Grounded in Solid Business Models
Coupang has positioned itself as a major technology player in South Korea, mirroring the success of Amazon in the US. With its e-commerce platform, extensive logistics network, and a subscription service offering free shipping discounts, it seems quite familiar. Currently, Coupang boasts 23.4 million active customers, meaning that a significant portion of households in South Korea utilize its services regularly.
In the last quarter, profits increased by 31% year-on-year, when adjusted for foreign currency fluctuations, thanks to improved efficiencies in its delivery system. The company is also exploring new regions and business avenues.
Recently, Coupang expanded into Taiwan, a prosperous nation with a population of 23 million. Its e-commerce model is quickly gaining traction, particularly in Taiwan, which has driven a remarkable 78% year-on-year growth in net revenues for its developed products segment. With the last quarter bringing in $1 billion, these new offerings are now a substantial part of Coupang’s revenue stream, which is poised to reach nearly $30 billion by 2025, with plenty of room for more growth.
In terms of technology, Coupang has launched Coupang Intelligent Cloud, an AI cloud service aimed at tapping into the growing cloud and AI market in South Korea, buoyed by government grants. While this is still a nascent opportunity, Coupang has the infrastructure to succeed. Interestingly, US tech giants can’t tap into these grants for establishing government-funded data centers.
Coupang currently has a market capitalization of $56 billion. Given its diverse growth prospects, it’s a more promising investment compared to CoreWeave, and I believe it will thrive in the next decade.
Sustained Growth in Consumer Finance
SoFi has made a name for itself as a rapidly growing digital banking service in the United States, evolving from a student loan refinancer to a comprehensive consumer finance platform. Now, it provides banking, investments, savings, insurance, spending, and lending through user-friendly mobile apps.
This versatility has made it appealing for customers to switch to SoFi. By the end of Q4 2025, customer deposits climbed to $27 billion, up from $26 billion in Q4 2024. Although these levels are still below those of major banks, SoFi’s low overhead allows it to offer higher yields on deposits, attracting customers for credit cards, lending, and investment services.
SoFi’s adjusted revenue rose by 33% year-on-year to $771 million, and it reported a net profit of $71 million, alleviating previous investor concerns. With more people likely to be encouraged to switch to SoFi, the company is set to continue expanding its offerings and monitoring revenue, which we expect to see grow consistently, elevating its stock over the next decade.
Even though SoFi’s market capitalization is $23 billion—much smaller than CoreWeave’s—it’s important to remember that ten years is a significant amount of time. CoreWeave’s stock is quite risky with numerous hurdles. Considering this, I think SoFi will have a larger market capitalization than CoreWeave in ten years.
