This article first appeared on GuruFocus.
CoreWeave (NASDAQ:CRWV) traded about 5% higher in premarket hours Monday as investors looked ahead to its third-quarter results due after the closing bell.
The AI-focused cloud computing firm is projected to post an adjusted loss of $0.36 per share and revenue of $1.28 billion, based on consensus estimates.
During the quarter, CoreWeave signed several major partnerships, including expanded contracts with an undisclosed hyperscaler and new agreements with OpenAI, Meta (NASDAQ:META), and Nvidia (NASDAQ:NVDA). Analysts at Jefferies expect these deals to lift CoreWeave’s remaining performance obligations to more than $60 billion, up from $30 billion in the previous quarter.
The company also secured over 600 megawatts of new contracted power to support growing AI workloads, a key capacity driver across the sector.
Despite the stock’s rebound, CoreWeave remains down roughly 30% since its second-quarter earnings report. Analysts remain divided, citing high capital spending and concentration risks, though some say its AI infrastructure scale positions it well for future growth.
