CoreWeave Gains 6.8% to $96 on NVIDIA’s $2B Equity Deal Driving 5GW Build-out
CoreWeave shares climbed 6.77% this week to close at $96.04 ahead of its February 26 earnings release. DA Davidson and Stifel reaffirmed Buy ratings, citing NVIDIA’s $2B equity commitment to accelerate buildout of 5GW capacity (including 200MW) by 2030 under its AI Factory strategy.
1. Weekly Stock Performance
CoreWeave shares rose 6.77% this week, closing at $96.04 on February 13 as investors positioned ahead of the company’s February 26 earnings report.
2. Expanded NVIDIA Partnership
NVIDIA committed $2 billion in equity funding to support CoreWeave’s AI Factory strategy, targeting development of over 5GW of GPU capacity by 2030, including an initial 200MW buildout acceleration.
3. Analyst Reinforcements
DA Davidson reaffirmed a Buy rating with a $110 target, and Stifel echoed the outlook, noting the equity funding will cut weighted average cost of capital while underpinning infrastructure expansion.