$CoreWeave, Inc.(CRWV)$ Could be shorts or market makers selling fake shares, hard to say. But they hit that spike hard. All FTDs still have to be delivered, and the shorts will get squeezed.
$CoreWeave, Inc.(CRWV)$ Interesting stat: CoreWeave has about the same compute capacity as SpaceX right now, around 2 GWs. Musk is touting up to 50 million per MW, which works out to about 100 billion in revenue for 2 gigs. CoreWeave has about 130 billion in LT contracts, and even if 10% of the smaller renewals get bumped to the 40-50 range, the results are staggering. Musk is touting 300-500 billion in revenue from 10 GWs. CoreWeave will have 8 in a couple of years.
$CoreWeave, Inc.(CRWV)$ A solid multi-year collaboration with Amazon, Google, or Meta would be nice to see. That kind of announcement could drive a 25% jump in a single day.
$CoreWeave, Inc.(CRWV)$ The algos have been pretty brutal against tech today. Makes no sense, but that's how big money takes from retail. Could just as easily be up big tomorrow for no good reason.
$CoreWeave, Inc.(CRWV)$ Looks like another stop loss hunting day. Volume is very low because nobody is really selling. All algo-driven theft, and no good reason for a second big drop day. There was more reason to be green heading into the end of the week, but things got pushed down instead. Just feels like a rigged setup. Seems like they want to run through the $85 stop losses.
$CoreWeave, Inc.(CRWV)$ Big drop on very low volume. Market makers and hedge funds are doing their usual thing. Volume is really low because nobody is actually selling. The buy orders will have to be processed by market makers at some point.
$CoreWeave, Inc.(CRWV)$ JPMorgan upgraded CoreWeave to Overweight from Neutral, with a price target of $125, up from $120. Analyst Samik Chatterjee pointed to the favorable pricing backdrop for compute as the main driver. CoreWeave is seeing strong demand and is leaning into short-term contracts at premium pricing. JPMorgan also raised its revenue and margin forecasts, which Chatterjee noted stands in contrast to a lackluster share price performance driven by investor concerns around capital intensity.
At this price, $CoreWeave, Inc.(CRWV)$ either gets bought out by META or MSFT, or they keep gobbling up compute contracts. Things are starting to heat up.