CoreWeave Stock Up 123% Since IPO on $2B Nvidia Deal; FY26 Upside Ahead
Shares of CoreWeave climbed 123% since its IPO, propelled by a $2 billion Nvidia investment and priority access to next-gen GPUs, underpinning a substantial revenue backlog. A post-Q3 guidance cut sparked a selloff, yet analysts foresee an upgraded FY26 outlook ahead of the Vera Rubin GPU launch.
1. IPO Surge and Nvidia Partnership
CoreWeave’s shares have surged 123% since its IPO last year, driven largely by a strategic $2 billion investment from Nvidia. This partnership grants CoreWeave priority access to next-generation GPUs, bolstering its revenue backlog and positioning it as a key player in AI infrastructure.
2. Q3 Guidance Cut and Future Outlook
Despite the strong backlog, CoreWeave’s Q3 guidance revision triggered a notable selloff as investors reacted to lowered near-term forecasts. Analysts remain optimistic about FY26, anticipating a revised upward guidance ahead of the Vera Rubin GPU rollout, which could reignite investor confidence.