coreweave

NVIDIA CEO Jensen Huang stated that COREWEAVE's strength is increasing every day, and its capital costs are actually decreasing.

According to Gate market data, U.S. stocks closed lower on Wednesday, with the Dow Jones Industrial Average down 0.09%, the S&P 500 index down 1.1%, and the Nasdaq down 1.88%. Micron Technology fell 4%, SK Hynix fell 6%, NVIDIA fell 3%, Coreweave fell over 15%, and Dell fell over 11%. The Nasdaq Golden Dragon China Index closed down 1.39%, with Bilibili and NIO both falling over 4%.

CoreWeave, an AI cloud service provider supported by NVIDIA, is seeking to attract funding from insurance companies to reduce the financing costs of purchasing AI chips and building infrastructure. Co-founder Branning McBee stated that the company plans to raise funds through methods such as chip-backed loans, with financing exceeding $35 billion this year.

Grayscale's Research Director Zach Pandl stated in his column The Stack on October 8 that the rising demand for AI is due to decreasing usage costs and technology's ability to perform tasks more autonomously, thereby increasing the demand for computing power and the physical infrastructure that supports AI. Lower costs can unleash more AI activities, and the low-cost competition of open-source weight models is driving down token prices, making cheaper intelligence economically viable for more applications and automated workflows.The article cites that Anthropic's latest Sonnet model claims to reduce the cost of each task by up to 30%; OpenAI's always-on agent dots, launched on September 29, can work towards user goals around the clock, potentially significantly increasing the demand for computing power. Pandl compares that chatbots primarily answer questions, while agents execute multi-step processes to achieve goals, with tasks like preparing for client meetings potentially consuming 5 to 50 times the tokens of a single chat interaction, and always-on agents may extend processing beyond a single conversation.Pandl cites Goldman Sachs' prediction that by 2030, token consumption could increase 24 times, primarily driven by agents; even with improved efficiency, if usage grows faster, the total demand for computing power may still rise. He points out that digital activities still rely on physical infrastructure that requires time to deliver, such as electricity, data centers, and GPUs, and cheaper AI can coexist with tight computing power supply, mentioning that CoreWeave recently signed new contracts at higher computing power prices. His conclusion is that cheaper intelligence and stronger agents may expand use cases and usage enough to offset efficiency gains, thereby supporting the demand for scarce computing power and benefiting its owners.

Coreweave (CRWV.O) announced its entry into the Indian market, planning to expand its artificial intelligence cloud platform.

Coreweave stated that, from the customer's perspective, NVIDIA chips are currently the best choice.

A data center developer supported by an affiliate of Blue Owl Capital announced a bond issuance to raise $1.1 billion, betting on AI computing power, to fund the Digital Drive data center project near Richmond, Virginia. This data center has an IT capacity of 76 megawatts and will be fully leased by CoreWeave under a 15-year, $2.94 billion contract, expected to be operational from 2027 to 2028.

According to Bloomberg, a data center developer supported by an affiliate of Blue Owl Capital announced a bond issuance to raise $1.1 billion to bet on AI computing power, funding the Digital Drive data center project near Richmond, Virginia.The data center has an IT capacity of 76 megawatts and will be fully leased by CoreWeave under a 15-year, $2.94 billion contract, expected to be operational from 2027 to 2028.

Coreweave (CRWV.O) launched a multi-rack NVIDIA VERA RUBIN NVL72 cluster.

Market news reports that Blockfusion has signed a 15-year artificial intelligence campus leasing agreement with Coreweave (CRWV.O).

MoffettNathanson raised the target price for SpaceX (SPCX.O) from $131 to $142, and raised the target price for Coreweave (CRWV.O) from $106 to $107.

According to the official announcement, Gate ETF will launch MINIMAX3L/USDT, MINIMAX3S/USDT, CRWV3L/USDT, CRWV3S/USDT, AAOI3L/USDT, AAOI3S/USDT, KORU3L/USDT, and KORU3S/USDT at 16:00 (UTC+8) on September 9, supporting 3 times leverage for long or short positions on MiniMax, CoreWeave, Applied Optoelectronics AAOI, and the daily MSCI Korea 3 times bullish ETF KORU. Gate ETF currently supports trading of 420 types of tokens.Gate ETF has also launched a new trading challenge activity. Users participating in the above 3 times ETF trading can share a reward of 60,000 USDT. During the event, the first trade volume of no less than 200 USDT can receive a 10 USDT ETF transaction fee cashback voucher, limited to the first 1,000 participants; a daily trading volume of no less than 1,000 USDT can complete a check-in, with a maximum cumulative reward of 100 USDT; the total cumulative trading volume of all participants reaching the corresponding tier can unlock a maximum prize pool of 30,000 USDT, shared by eligible users based on their trading volume ratio, with a maximum of 200 USDT per person. Invite friends to participate in trading, with a total invitation prize pool of 10,000 USDT.

According to a Goldman Sachs report on August 20, CoreWeave's Q2 revenue met expectations, with an EBIT margin exceeding market consensus by 200 basis points, and the 2026 revenue guidance surpassing market expectations by 1%. Revenue backlog increased by 5% quarter-over-quarter to $104 billion, with over $25 billion in new committed orders since Q3. Active power installations rose from 1GW in Q1 to over 1.5GW, with contracted power installations reaching 4.2GW. Goldman Sachs raised the 12-month target price from $121 to $139, indicating a 53% upside from the current stock price, maintaining a neutral rating.Goldman Sachs believes that CoreWeave's short-term certainty is clear: demand continues to outpace supply, pricing for new and old GPU generations remains high, and capacity is expanding as expected. The new generation of chips (Blackwell, Vera Rubin) is continuously setting new price highs, and recent A100 contract deliveries have been extended to 2029. The proportion of enterprise customers is increasing (Caterpillar, IBM, Nissan, ZF), and AI computing power demand is spreading from tech giants to the real economy. Goldman Sachs expects EBITDA to grow from $3.1 billion in 2025 to $31.3 billion in 2028. The neutral rating reflects a wait-and-see approach until software and platform services become more certain contributors to profit margins before making a more positive judgment.

Hudson River has signed a multi-billion dollar artificial intelligence deal with Coreweave (CRWV.O).

Goldman Sachs is testing investor demand for an approximately $1.15 billion junk bond issuance, the proceeds of which will be used to build a data center leased to the AI cloud computing company CoreWeave.Insiders revealed that the project is located near Richmond, Virginia, and is being developed by PowerHouse Data Centers, a subsidiary of American Real Estate Partners, in collaboration with Chirisa Technology Parks, with expectations to enter the market as early as September. This financing comes at a time when investors are becoming more cautious about AI infrastructure debt. As the issuance of bonds related to AI data centers has increased this year, the market has begun to demand higher yields. CoreWeave previously supported a high-yield bond issuance for many data center developers through long-term lease agreements, but its speculative-grade credit rating has also raised financing costs.

CoreWeave warns investors that transitioning from NVIDIA chips to other chips will be difficult and may require a significant investment of time and money.

According to Gate market data, Coreweave's stock rose 10% in after-hours trading.

AI cloud service giant Coreweave's revenue for the second quarter reached $2.58 billion, exceeding market expectations of $2.56 billion; the net loss was $626 million, lower than the market expectation of $757.1 million.As of June 30, 2026, the total value of contracts on hand was approximately $104 billion.

According to Jinshi, the American AI cloud computing company COREWEAVE has signed an agreement with Solidigm to enhance its integrated artificial intelligence platform.