+2.42% to $90.32 from $88.19
What moved CRWV
- CoreWeave posted a second-quarter loss of $1.14 per share on revenue of $2.5 billion, a narrower loss than the $1.41 per share analysts had forecast.
- The company’s sales backlog stood at $104 billion, with an additional $25 billion of commitments already earmarked for the third quarter.
Sources: Yahoo Finance
+7.16% to $91.90 from $85.76
What moved CRWV
- Shares climbed about 8.8% to $93.28 in morning trading after the company announced its expansion into Indonesia.
- The Indonesia expansion marks CoreWeave’s first data-center presence in the Asia-Pacific region, adding three facilities totaling 360 megawatts of contracted IT power expected online in 2028.
- Piper Sandler initiated coverage of the stock with an Overweight rating and a $151 price target.
Sources: Investing.com · Bloomberg
+19.49% to $85.76 from $71.77
What moved CRWV
- Shares rallied as part of a broad risk-on move across AI-cloud stocks, coinciding with optimism from Big Tech earnings.
- Truist upgraded the stock to Buy after a recent pullback, citing strong AI compute demand and CoreWeave’s position among specialized cloud providers.
- The move followed an Evercore forecast that CoreWeave, alongside xAI and IREN, would make up the bulk of Dell’s projected fiscal 2027 AI server revenue.
Sources: 24/7 Wall St. · Benzinga · Timothy Sykes