Overview
- CoreWeave detailed an expanded $21 billion contract with Meta through December 2032, a multi‑year agreement with Anthropic, and a $6 billion Jane Street pact plus a $1 billion equity investment, broadening its customer base beyond past reliance on Microsoft.
- The company reports a contracted backlog of about $66.8–$67 billion and says its 2026 outlook of $12–$13 billion is largely supported by pre‑allocated capacity.
- Management plans to double active GPU capacity and targets having all contracted power online by the fourth quarter of 2027.
- The scale‑up leans on heavy spending, with capital outlays around $30 billion and debt near $30 billion that heighten execution and interest‑cost risk.
- Investor reaction has been strong, with sharp year‑over‑year and year‑to‑date gains, and Cantor Fitzgerald raised its price target to $156 with a Buy rating.