Trending Now - Coreweave Sees Revenue Surge but Forecasts Q2 Shortfall
WHO:
CNBC - CoreWeave Inc. is an AI infrastructure provider.
Bloomberg - Tejas Dessai is the director of thematic research at Global X ETFs.
Bloomberg - Anurag Rana is a Bloomberg Intelligence analyst.
WHAT:
Yahoo Finance - CoreWeave lifted the lower end of its 2026 capital expenditure forecast to $31 billion from $30 billion while keeping the upper range unchanged at $35 billion.
Yahoo Finance - For the second quarter, CoreWeave expects revenue in the range of $2.45 billion to $2.6 billion, below analysts' estimate of $2.69 billion.
Yahoo Finance - CoreWeave added more than 400 megawatts of contracted power in the first quarter, bringing its total contracted power to more than 3.5 gigawatts.
CNBC - CoreWeave reported Q1 revenue of $2.08 billion, up 112% year-over-year.
CNBC - The estimated revenue for Q1 was $1.97 billion.
CNBC - CoreWeave has a revenue backlog of $99.4 billion.
Yahoo Finance - CoreWeave shares are up 78% in 2026 and 218% since going public in March 2025.
Yahoo Finance - Wall Street expects CoreWeave to report nearly $2 billion in revenue for Q1 and a loss of $1.20 per share.
Yahoo Finance - The loss of $1.20 per share would be an improvement from a loss of $1.49 per share in Q1 2025.
Bloomberg - CoreWeave's revenue backlog was nearly $67 billion as of December 31.
WHERE:
Yahoo Finance - CoreWeave is based in Livingston, New Jersey.
WHEN:
Yahoo Finance - CoreWeave is expected to report earnings after the bell on Thursday.
Yahoo Finance - The company went public in March 2025.
WHY:
Yahoo Finance - Customers are committing to long-term data center investments as technology companies race toward artificial general intelligence, pushing up demand for advanced memory and storage and creating a supply crunch that is driving up prices.
Yahoo Finance - There is an increasing demand for computing capacity to power artificial intelligence.
Bloomberg - Recent results from major AI spenders indicate a growing need for computing power.
HOW:
Yahoo Finance - CoreWeave struck an expanded $21 billion deal for additional cloud computing capacity with Meta, a $6 billion deal with trading firm Jane Street, and a third deal with Anthropic.
Yahoo Finance - CoreWeave rents access to AI infrastructure featuring the latest chips from Nvidia Corp.
Bloomberg - CoreWeave's recent deals with Meta, Anthropic PBC, and Jane Street Group are part of its strategy to meet demand.
(UPDATED May 8, 2026 01:33 UTC)
CoreWeave has raised the lower end of its 2026 capital expenditure forecast to $31 billion, while maintaining the upper limit at $35 billion. For the second quarter, the company anticipates revenue between $2.45 billion and $2.6 billion, which falls short of analysts' expectations of $2.69 billion. In response to the growing demand for advanced memory and storage driven by the race toward artificial general intelligence, CoreWeave has secured significant contracts, including a $21 billion deal with Meta and a $6 billion agreement with trading firm Jane Street.
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(UPDATED May 7, 2026 23:18 UTC)
CoreWeave Inc., an AI infrastructure provider based in Livingston, New Jersey, reported impressive first-quarter revenue of $2.08 billion, marking a 112% increase year-over-year, with a substantial revenue backlog of $99.4 billion. The company, which went public in March 2025, has seen its shares rise 78% in 2026 and 218% since its IPO, while Wall Street anticipates nearly $2 billion in revenue for Q1 and a loss of $1.20 per share, an improvement from last year's loss. CoreWeave continues to meet the growing demand for computing capacity by renting access to cutting-edge AI infrastructure and securing deals with major players like Meta and Anthropic PBC.