CoreWeave's AI Demand Surges But Expansion Spending Cuts Into Profitability
1. CRWV reported $1.21 billion revenue, exceeding expectations due to AI contracts. 2. Agency analyses reflect concerns over margin pressures from aggressive expansion plans. 3. Backlog reached $30.1 billion, significantly supported by OpenAI and hyperscaler deals. 4. Analysts maintained Hold/Neutral ratings, adjusting price targets upward to $120. 5. Stock dropped 18.92% post-earnings due to mixed guidance and high costs.