A $25 Billion Reason to Buy CoreWeave Stock
CoreWeave (CRWV) stock is generating excitement after the AI cloud provider announced a surge in new customer commitments valued at over $25 billion in the early third quarter of 2026. This commitment strengthens CoreWeave's already substantial backlog of $104.2 billion. The company's pricing power continues to grow despite increased competition in the AI infrastructure space.
CEO Mike Intrator attributes this demand growth to a shift among enterprise customers, with companies like Caterpillar looking to build their own AI clusters with CoreWeave. CoreWeave raised its full-year revenue guidance to a range of $12.4 billion to $13.2 billion and raised its capital expenditure guidance to $35 billion to $39 billion for the year.
The company's ability to raise prices while demand remains strong is another factor contributing to its stock's appeal.
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