CoreWeave Posts 111.6% Growth, $99.4B Backlog, Cited in Dell’s $60B AI Forecast
CRWV•CoreWeave’s revenue jumped 111.6% year-over-year and the company holds a $99.4 billion project backlog, reflecting surging demand for its AI data-center services. Nvidia has allocated 71.6% of its equity portfolio to CoreWeave and Intel, while Dell cited CoreWeave when raising its AI server revenue forecast to $60 billion for fiscal 2027.
1. Nvidia Portfolio Commitment
Nvidia has concentrated 71.6% of its publicly disclosed equity investments in two companies, one of which is CoreWeave. This sizeable allocation underscores investor confidence in CoreWeave’s AI data-center capabilities and growth prospects as demand for high-performance compute accelerates.
2. Revenue Surge and Backlog Strength
CoreWeave reported a 111.6% increase in year-over-year revenue, driven by strong uptake of its AI-optimized infrastructure services. The company’s order backlog reached $99.4 billion, providing multi-year visibility into project delivery and supporting its expansion plans.
3. Dell’s AI Server Forecast Benefits CoreWeave
Dell’s updated outlook projects $60 billion in AI server revenue by fiscal 2027, highlighting CoreWeave among key customers expanding AI-ready data centers. This endorsement signals sustained demand for CoreWeave’s offerings as enterprises and hyperscalers scale generative AI workloads.
