Overview
- CoreWeave shares rose about 6% to $101.02 on Friday following CEO Michael Intrator’s public rebuttal of circular‑financing allegations involving Nvidia.
- Intrator said Nvidia’s $300 million stake is small relative to more than $25 billion in total capital and described special purpose vehicles that ring‑fence customer revenue for operating costs and lenders.
- TSMC’s strong AI‑chip results and raised long‑term growth outlook lifted confidence in GPU supply that CoreWeave relies on for its data centers.
- Analyst views are split, with an average price target near $125.52 and calls ranging from H.C. Wainwright’s $180 target to recent moves by Barclays ($90, Equal‑Weight), Wells Fargo ($125, Overweight) and Truist ($84, Hold).
- Context from prior disclosures includes 41 AI data centers with 590 MW of active power, Q3 2025 revenue of $1.36 billion up 134% year over year, and an almost $56 billion backlog in a supply‑constrained market.