CoreWeave reports revenue jump and major AI backlogs

what happened

TradingView reported that CoreWeave, Inc. Class A (NASDAQ:CRWV) moved higher in premarket trading after the company disclosed quarterly revenue of $2.6B, an increase of 112% year over year. Reported future commitments include $35B from Meta, $22B from OpenAI and $6B from Jane Street. CoreWeave is also increasing its worldwide capacity for artificial-intelligence workloads.

The company is partnering with AdaniConneX to add 240 MW at Taloja in Navi Mumbai, with an option to expand the site to 480 MW. The first data centers are expected to come online in mid-2028, and CoreWeave plans to establish an office in India. A new Indian facility will deploy NVIDIA Vera Rubin for large-scale AI training, inference, reasoning and agentic workloads.

CoreWeave introduced Forge and expanded Nvidia NVL72 availability at Fully Connected 2026. ARK Invest bought approximately $8.5M worth of CoreWeave stock, representing 97,639 shares. Analysts reiterated Buy ratings and issued price targets. In the prior recap, CRWV gained 2.7% premarket to about $91.90 after reports of OpenAI growth. TradingView cautioned that the summary was AI-generated and should be checked against original sources.

why it matters

Higher revenue, disclosed backlogs and additional data-center capacity place CoreWeave at the center of market attention on AI infrastructure. The figures should be verified against the underlying disclosures.

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