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CoreWeave leads neocloud with $100B backlog but trades low due to debt fears; strong growth seen ahead.

Analyst Insights
07 Jul 2026
Seeking Alpha
View Source
Bullish
pluang ai news

CoreWeave remains the top neocloud company with a $100 billion revenue backlog, yet its stock valuation is low due to concerns about debt and competition. Despite Meta Platforms' AI cloud ambitions, these are seen as complementary rather than threatening to CoreWeave's growth. CoreWeave is expected to achieve 70% EBITDA margins by 2028 and generate significant cash flow. The current market cap below $45 billion is viewed as a strong buying opportunity amid rapid growth and a solid backlog.

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