CoreWeave Inc is set to report its second-quarter earnings with Jefferies maintaining a Buy rating and a $150 price target despite profitability expected only by Q4 2026. The stock has risen about 45% due to strong AI compute demand, with a market cap of $48 billion against $99 billion in remaining performance obligations. Jefferies highlights potential upside from the cancellation of founders' stock selling plans and notes a large backlog implying over $230 billion in revenue potential. Data center deliveries are on track, and strong hyperscaler demand supports future growth. Investors will watch for any changes in founders' stock sale plans at the earnings release.
Shares of AI infrastructure and neocloud companies like Nebius Group and CoreWeave jumped significantly following strong Q2 earnings reports and large contract backlogs. CoreWeave reported a 112.3% revenue increase and doubled adjusted EBITDA, while ...
Riot Platforms' shares rose 17% after announcing a 20-year lease for a 191 MW AI data center at its Texas campus, expected to generate $9.1 billion in revenue through 2048. The lease with Anthropic marks a major shift from Bitcoin mining to large-sca...
TeraWulf's stock has surged 40.82% in 2026, outperforming peers like Applied Digital, IREN, and Core Scientific, thanks to a significant 20-year lease agreement with Anthropic for a data center campus in Kentucky. This deal is expected to generate ab...
