CoreWeave Stock Climbs About 10% Ahead of Earnings

Price ActionM&A · Partnership

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CoreWeave shares rose about 10% on Monday as investors weighed strong Big Tech results and sustained demand for AI computing infrastructure ahead of the company's August 11 earnings report. The cloud infrastructure provider, which builds its platform around Nvidia graphics processors for AI training and inference, is expected to report a quarterly loss of $1.27 per share compared with a loss of 27 cents a year earlier, with revenue forecast at $2.56 billion, up from $1.21 billion. Analysts currently have a consensus Buy rating and an average price target of $140.53. Recent quarterly results from Microsoft, Amazon, Apple and Meta showed higher revenue, with cloud and AI contributing to performance, including 37% growth in Amazon's AWS revenue and 43% growth in Microsoft's Azure. Separately, CoreWeave and Leidos announced a partnership to build secure AI cloud services for U.S. intelligence and defense agencies, supporting classified workloads, cyber operations, threat modeling and tactical AI deployments.