CoreWeave, Inc. (CRWV)
The Bull Case and Bear Case for CoreWeave Stock Right Now
CoreWeave soared more than 300% in the months following its IPO a year ago. The stock has given back some gains as investors worry about AI spending.
3 Top Tech Stocks That Could Make You a Millionaire
CoreWeave has a couple of important competitive advantages over its data center peers. Taiwan Semiconductor Manufacturing's lead in the chip foundry business is essentially insurmountable.
Should You Buy the Dip on CoreWeave's Stock?
Investors are worried about the long-term viability of CoreWeave's business. CoreWeave has massive growth already on the books.
CoreWeave's $66B Backlog Meets A $30B Reality
CoreWeave delivered $5.1B revenue in 2025, surging 168% YoY, with Q4 revenue of $1.6B and a 57% adjusted EBITDA margin. Contracted backlog expanded to $66.8B, more than quadrupling in one year, supported by take-or-pay contracts providing unusual early-stage revenue visibility. Infrastructure scale is accelerating rapidly, with active power capacity at 850 MW expected to exceed 1.7 GW by 2026.
CoreWeave's $66.8B Backlog Boosts Long-Term Growth Outlook
CRWV's backlog surged to $66.8B, up more than fourfold in a year, highlighting strong AI cloud demand and supporting aggressive data center expansion plans.
Will Perplexity's AI Workloads Accelerate CRWV's Next Leg of Expansion?
CoreWeave partners with Perplexity in a multi-year deal to host AI inference workloads on NVIDIA GB200 clusters, boosting its AI cloud ecosystem.
CoreWeave's CapEx Shock Spooks The Market
CoreWeave plans $30–35 billion in 2026 capex after spending $14.9 billion in 2025, triggering investor concerns about funding sustainability. The stock dropped from the high $90s to the mid-$70s, reflecting worries about capital structure rather than weakening AI infrastructure demand. Q1 interest expense guidance of $510–590 million highlights the growing burden of financing CoreWeave's aggressive infrastructure expansion.
What's Next For CoreWeave Stock?
CoreWeave (CRWV) – a cloud platform that oversees extensive AI infrastructure and software – has entered a 5-day downturn, accumulating losses of -26% during this timeframe. The company's market capitalization has decreased by around $13 billion in the last 5 days and is currently at $37 billion.
CoreWeave Lands Perplexity in New AI Cloud Deal, Stock Jumps 5.7% Pre-Market
CoreWeave (NASDAQ:CRWV) is adding another high-profile name to its customer roster.
CoreWeave Looks Broken
CoreWeave, Inc. reported explosive revenue growth but missed EPS estimates, with losses driven by aggressive infrastructure expansion and surging interest expense. Despite a 25% post-earnings stock drop, I maintain a Buy rating for CRWV, citing a $66.8 billion contracted backlog that underpins multi-year revenue visibility and de-risks growth. CRWV management guides for $12–$13 billion 2026 revenue and expects margins to trough in Q1 before a sequential ramp, supported by long-term customer commitments.
CoreWeave Is Attractively Valued, But Execution Is Crucial
CoreWeave is rated a Buy, supported by robust revenue visibility, a $66b backlog, and nearly all 2026 capacity allocated under take-or-pay agreements. CRWV guides for a $17-19b exit run-rate in 2026 and $30b+ in 2027, with sequential growth re-accelerating and near-term demand materially de-risked. Execution and leverage risks exist due to heavy capex ($20-25b in 2026), but most spending is contract-backed, and unit economics remain strong with mature EBITDA margins near 70%.
CoreWeave: Unapologetic Capex Meets Unforgiving Economics
CoreWeave, Inc. reported a widening net loss in Q4, with 2026's $30-35 billion capex guidance implying persistent negative FCF and continued reliance on external funding to finance growth investments and operations. The combination heightens ROI compression risks and limits visibility into profitability and self-sufficiency at scale, overshadowing an otherwise strong revenue backlog of $66.8 billion supported by resilient end-market compute demand. CoreWeave's execution risks remain elevated, with near-term pressures on the monetization framework outlined at its March 2026 Investor Day Presentation limiting catalysts for a sustained valuation recovery from current levels.
