CoreWeave Stock Surges as Alphabet Signals AI Demand Still Outpaces Capacity

Alphabet CFO Says Demand Still Outpaces Capacity: AI Infrastructure Stocks Rise - CoreWeave (NASDAQ:CRWV)

* CoreWeave shares are climbing with conviction. What's driving CRWV stock higher? Alphabet Raises CapEx Guidance On the conference call following Alphabet's second-quarter earnings, the Google parent company revised its full-year 2026 capital expenditures forecast from a range of $180 billion to $190 billion to a new range of $195 billion to $205 billion, primarily due to the acceleration of delivering capacity to meet growing demand. The company also said it expects 2027 capital expenditures to "increase significantly." Alphabet CFO Anat Ashkenazi said on the call that the company also plans to increase its use of third-party providers. "We plan to expand the use of third-party capacity in Q3 as a bridging strategy while we build up more internal capacity," the Alphabet CFO said. "While we have increased our capacity quite significantly over the past three years, the demand still outpaces that investment." Google Cloud revenues were up 82% year-over-year in the second quarter, driven by demand for AI infrastructure and AI solutions. The company said its AI investments are redefining what's possible across every part of its business. Several AI infrastructure names got a boost in extended trading following the conference call commentary. Here's a look at some of the biggest after-hours movers. * SharonAI Holdings Inc (NASDAQ:SHAZ) up 5.28% at $74.20 * Nebius Group (NASDAQ:NBIS) up 4.32% at $227.59 * CoreWeave Inc (NASDAQ:CRWV) up 2.80% at $84.95 * TeraWulf Inc (NASDAQ:WULF) up 2.10% at $19.90 * Hut 8 Corp (NASDAQ:HUT) up 1.94% at $111.99 * IREN Ltd (NASDAQ:IREN) up 1.74% at $42 * Applied Digital Corp (NASDAQ:APLD) up 0.89% at $30.35 * Cipher Digital Inc (NASDAQ:CIFR) up 0.78% at $24.65 * Galaxy Digital Inc (NASDAQ:GLXY) up 0.56% at $24.93 Image: Shutterstock.com Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.

CoreWeave Stock Jumps as Power Access And AI Demand Lift Growth Hopes - CoreWeave (NASDAQ:CRWV)

CoreWeave, Inc. (NASDAQ:CRWV) shares jumped on Wednesday as investors weighed supportive analyst commentary, long-term power access and the company's expansion into real-time AI inference. Analysts Assess Growth BofA Securities maintained a Buy rating and $140 price target. The firm said GPU demand continues to exceed available supply. It raised its 2026 capital expenditure estimate to $34 billion as CoreWeave targets 1.7 gigawatts of active power by year-end. Truist Securities upgraded CoreWeave from Hold to Buy while lowering its price target from $131 to $126. Baird initiated coverage with an Outperform rating and a $100 target. Jefferies maintained its Buy rating but cut its price target from $160 to $150. Barclays maintained an Equal-Weight rating and lowered its target from $120 to $90, reflecting a more cautious view of the stock's risk-reward profile. Helios Secures Capacity Galaxy's latest filing covers a 260-megawatt Phase II project leased to CoreWeave under a 15-year base term with two five-year extension options. The project includes two buildings and eight data halls, with initial rent commencement targeted for the second quarter of 2027. For CoreWeave, the leases secure access to power and data-center capacity needed for future GPU deployments. AI Inference Expands CoreWeave is also expanding into latency-sensitive AI workloads. The company said its AI cloud and NVIDIA RTX PRO 6000 Blackwell Server Edition GPUs will power Anam's real-time photorealistic avatars. The Anam partnership broadens CoreWeave's exposure to AI inference, while the Helios leases provide infrastructure for continued GPU deployment. CRWV Technical Levels To Watch After Recent Gains Despite Wednesday's gain, CRWV remains below its 20-day and 50-day moving averages, keeping the intermediate trend under pressure. Momentum also remains weak, with the MACD below its signal line and the histogram in negative territory. Resistance sits near $95, while support is around $70.50. A break below support could shift attention toward the $63.80 52-week low. CoreWeave Earnings Forecast and Analyst Ratings The next catalyst for the stock arrives with the August 11, 2026 (estimated) earnings report. * EPS Estimate: $-1.27 (Down from a loss of 27 cents YoY) * Revenue Estimate: $2.56 Billion (Up from $1.21 Billion YoY) Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price forecast of $140.50. Recent analyst moves include: * Truist Securities: Upgraded to Buy (Lowers Target to $126.00) (July 22) * Baird: Initiated with Outperform (Target $100.00) (July 22) * Barclays: Equal-Weight (Lowers Target to $90.00) (July 21) CRWV Stock Price Activity: CoreWeave shares were up 5.37% at $83.85 at the time of publication on Wednesday, according to Benzinga Pro data. Image via Shutterstock This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.

Why is CoreWeave stock rallying today? By Investing.com

Investing.com -- CoreWeave stock rallied 5.5% in morning trading to reach $83.95, propelled by a confluence of bullish analyst actions and fresh corporate developments that gave investors renewed confidence in the AI cloud infrastructure company after a prolonged period of selling pressure. Truist Securities upgraded the stock from Hold to Buy, setting a price target of $126, while Baird initiated coverage at Outperform with a $100 price target -- a rare double endorsement on a single trading session that helped lift sentiment significantly. The Truist upgrade was grounded in the firm's view that growing enterprise adoption of open-source AI models and sovereign AI initiatives are expanding the addressable market for CoreWeave, which already has approximately 1 gigawatt of active power online and a substantial revenue backlog. Baird described CoreWeave as a pioneer and leader in purpose-built AI infrastructure. Adding further fuel, Nvidia confirmed that computing systems based on its new Vera Rubin architecture have been delivered to CoreWeave and other major AI clients and are ready for deployment, with OpenAI planning to adopt the systems at scale in the third quarter -- a development that underscores CoreWeave's privileged position in the AI hardware supply chain. CoreWeave also announced today that Anam, an interactive AI avatar platform, has selected its cloud infrastructure to run inference workloads on NVIDIA RTX PRO 6000 Blackwell Server Edition GPUs across its U.S. and European data centers. From a broader market standpoint, the session offered a mixed backdrop: the NASDAQ edged down slightly while the Dow Jones posted a modest gain, meaning CoreWeave's move was driven almost entirely by company-specific news rather than a rising tide in technology stocks. The stock had been under significant pressure in recent weeks, sliding from levels near $100 in late June to a prior close of $79.58, making it a high-beta rebound candidate once positive catalysts emerged. Taken together, the simultaneous analyst upgrades, the Nvidia Vera Rubin deployment news, and the new Anam customer win created a powerful combination of sentiment and fundamental signals that pushed CoreWeave sharply higher in morning trading, even as the stock remains well below its 52-week high of $153.20. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.