Overview
- Oppenheimer initiated coverage with an Outperform rating and a $140 price target, arguing CoreWeave is well positioned for AI‑optimized infrastructure demand.
- Bernstein began coverage at Underperform with a $56 target, and Jim Cramer told viewers he prefers NVIDIA over CoreWeave, adding pressure to the shares.
- CoreWeave announced a multi-year partnership with Perplexity to power inference on dedicated GB200 NVL72 clusters, while adopting Perplexity’s Enterprise Max internally.
- The company reported Q4 2025 revenue of $1.57 billion and full-year sales of about $5.1 billion with a $66.8 billion backlog, but posted a wider loss with EPS at -$0.89.
- Management projected $30–$35 billion in 2026 capital spending and flagged heavy interest costs, as NVIDIA’s $2 billion January investment, insider stock sales, and new class-action filings sharpen governance scrutiny.