CoreWeave, Inc. (CRWV)
CoreWeave: The Debt Is High, But The Backlog Could Drive A FY 2028 Inflection
CoreWeave demonstrates hyperscale momentum, with a $104.2b backlog and 4.2GW contracted power, underpinning a Strong Buy rating and $596/share target. CRWV is expected to reach a major inflection point in eFY28, turning profitable as scale dilutes high financing costs and margins improve. AI infrastructure demand and durable GPU rental rates support CRWV's growth, with managed AI inference and general compute ARR accelerating through FY26.
CoreWeave Has $104 Billion of Contracted Revenue and a $59 Billion Market Value
CoreWeave's revenue backlog reached about $104 billion at the end of June, up from $30.1 billion a year earlier. Second-quarter revenue rose 112% year over year to $2.6 billion, while the company's net loss widened to $626 million.
CoreWeave Stock Surge Gives the AI Trade a Boost
The cloud-computing company's stock jumped 19% and lifted other shares tied to the artificial-intelligence build-out.
CoreWeave & Nebius Are Soaring. This Brand-New ETF Gives Exposure Across Top Neocloud Stocks.
AI infrastructure and neocloud names are stealing the spotlight. Nebius Group (NASDAQ:NBIS | NBIS Price Prediction) surged 30.5% today, extending a year-to-date gain of 201.27% and a one-year advance of 234.77%.
CoreWeave: Green Shoots, But Still A Balancing Act
CoreWeave delivered accelerating revenue growth, with Q2 sales up 112% to $2.57 billion, exceeding guidance and market expectations. Adjusted operating income doubled guidance to $128 million, but net losses remain substantial due to surging interest expenses and heavy capex. Backlog expanded to $104 billion, with 40% expected to convert within a year, supporting robust near-term revenue visibility and operational leverage.
Why are Micron, SK Hynix stocks rallying today after CoreWeave, Super Micro earnings?
Memory and storage stocks surged on Wednesday as fresh results and upbeat forecasts from CoreWeave and Super Micro Computer reassured investors that spending on artificial intelligence infrastructure remains strong. Micron Technology MU rose more than 6% in early trading, while South Korea's SK Hynix gained about 8%.
CoreWeave Stock Soars as Revenue Doubles on AI-Driven Demand
CoreWeave shares are surging after the cloud computing provider posted quarterly results that beat Wall Street's estimates.
CRWV Q2 Earnings Call Puts Margin Gains and Capacity in Focus
CoreWeave raises its 2026 revenue and capacity outlook as better contract economics and managed inference growth sharpen its focus on margin gains.
CoreWeave Stock Surging After Doubling Q2 Revenue
CoreWeave (NASDAQ:CRWV) stock is surging 21% to trade at $109.26 after the AI cloud provider's $2.58 billion in revenue more-than-doubled from a year prior, surpassed estimates of $2.56 billion, and overshadowed narrower-than-expected earnings of $1.03.
CoreWeave's $129 Billion AI Backlog Changes the Bull Case
CoreWeave's NASDAQ: CRWV Q2 results sparked a rally in its stock price and the broader market, as they reveal the AI spending bubble is still growing. Results were arguably tepid relative to consensus, with revenue outpacing the midpoint target by a mere 80 basis points, but the bar was set high.
CoreWeave surges on Q2 results as analysts highlight strengthening AI demand outlook
CoreWeave (NASDAQ:CRWV) shares jumped 19% to about $108 on Wednesday after the AI infrastructure provider reported second quarter results that topped Wall Street expectations, with analysts at Wedbush and Jefferies highlighting strong demand and the company's expanding backlog. CoreWeave reported revenue of $2.575 billion for the quarter ended June 30, up from $1.212 billion a year earlier and slightly above the roughly $2.56 billion consensus estimate.
Wall Street updates CoreWeave stock price target after double earnings beat
On Wednesday, August 12, CoreWeave (NASDAQ: CRWV) stock saw a veritable deluge of Wall Street analyst rating and price target updates.
