Overview
- CoreWeave shares fell 11% Friday after the company forecast Q2 revenue of $2.45–$2.60 billion and operating income of $30–$90 million, both below analyst estimates.
- The AI cloud provider, which rents Nvidia‑powered GPU computing to run and train models, kept its full‑year revenue view at $12–$13 billion, raising concern that most profit will arrive late in 2026.
- Q1 results showed $2.08 billion in sales with a wider loss, more than $40 billion of new contracts, and an order backlog now near $99–$100 billion.
- Analysts split after the drop, with Wells Fargo lifting its price target to $155 and others warning about execution risk tied to heavy borrowing and a Q2 capital spending plan of $7–$9 billion.
- Funding signals remain key as Nvidia bought about $2 billion of CoreWeave stock in Q1 and ARK Invest added roughly $12.9 million following the selloff.