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All three of these companies are generating impressive sales growth, but only one is currently profitable.
Artificial intelligence (AI) has been a significant catalyst for many companies, notably boosting Google search usage for Alphabet in Q4 2025 due to new AI features. The AI market is projected to expand dramatically from $350 billion in 2026 to $1.7 trillion by 2031, fueling strong retail investor interest. Beyond tech giants like Alphabet and Nvidia, the author is closely observing lesser-known AI-related companies in March: CoreWeave (NASDAQ: CRWV), TTM Technologies (NASDAQ: TTMI), and Fastly (NASDAQ: FSLY).
CoreWeave is a key player in the AI infrastructure market, providing essential computing power for AI systems through its data centers. The demand for its services is rapidly driving its sales upward, with revenue surging from $1.9 billion in 2024 to $5.1 billion in 2025, and a projected doubling to $12 billion-$13 billion in 2026. Recent significant deals include a multiyear agreement with AI giant Perplexity and a $6.3 billion partnership with Nvidia, where Nvidia will purchase any unsold data center capacity through April 2032. This Nvidia deal not only provides demand protection but also attracts Nvidia's customers to CoreWeave's services, expected to boost revenue this year. However, CoreWeave's business model faces economic viability challenges due to substantial operating expenses like electricity, additional AI chips, and the need for more data centers. In 2025, the company incurred $5.2 billion in operating costs, resulting in a net loss of $1.2 billion and accumulating over $20 billion in debt. Consequently, CoreWeave is considered a high-risk investment suitable only for investors with a high risk tolerance.
TTM Technologies, which the author discovered through personal AI work, specializes in manufacturing printed circuit boards and radio frequency components. The company distinguishes itself by offering time-critical design and manufacturing services, accelerating new product delivery for its clients, hence its name 'Time To Market.' AI-driven demand for its solutions is propelling its business growth, with revenue increasing 19% to $2.9 billion in fiscal 2025. TTM anticipates another 15% to 20% sales growth in fiscal 2026 and projects a remarkable 66% year-over-year increase in data center sales for Q1. The company's financial health is also robust, with net income more than doubling to $177.4 million in 2025, reflecting consistent annual improvement over the last three fiscal years due to revenue growth and effective cost management.
Fastly focuses on enhancing digital experiences by integrating a digital content delivery network with robust cybersecurity services. Its edge services significantly improve website performance and reduce lag, while its firewalls actively thwart cyberattacks. Fastly is proactively adapting its platform to accommodate the increasing prevalence of 'AI agents'—autonomous software bots that operate independently online, anticipating they will soon account for the majority of internet traffic. This trend is positively impacting Fastly's sales, as its income scales with the volume of data processed, meaning the company earns revenue each time an AI agent interacts with a website on its network. This growth led to record revenue of $624 million in 2025, up from $543.7 million in 2024, with management forecasting 2026 sales between $700 million and $720 million. Although Fastly is not yet profitable, its net loss decreased from $158.1 million in 2024 to $121.7 million in 2025. A notable aspect of its business is that while it served over 3,000 customers in 2025, roughly a third of its income was generated by its top 10 largest clients. Following its strong 2025 performance, Fastly's price-to-sales ratio has risen this year. The author notes that TTM's sales multiple is also up, and despite CoreWeave's recent dip, its sales multiple remains higher than both Fastly and TTM, prompting the author to keep these stocks on a watch list, awaiting a potential dip in their share prices before investing.