Overview
- TSMC said it will lift 2026 capex to $52–$56 billion, a signal of improved GPU supply that helped CoreWeave climb roughly 26% last week to about $101.
- Shares later traded lower after President Trump posted that several European countries would face new U.S. tariffs starting Feb. 1, pressuring a company building large sites in the Nordics and the UK.
- A White House disclosure showed President Trump purchased CoreWeave debt as part of at least $50 million in recent bond buys.
- Truist initiated coverage at Hold with an $84 target and noted CoreWeave plans to integrate NVIDIA’s Rubin platform in the second half of 2026.
- CoreWeave reported Q3 revenue of about $1.4 billion, a backlog near $55 billion, and cut its 2025 revenue guide to $5.05–$5.15 billion due to third-party construction delays that shift capacity into early 2026, with results due Feb. 14.