New York, Feb 23, 2026, 07:23 ET — Premarket
- CoreWeave shares pointed about 8% lower in early trading before its Feb. 26 results.
- Wells Fargo stuck with its Overweight rating, holding firm on its $125 price target.
- AI-linked stocks are watching Nvidia’s results this week.
CoreWeave shares slipped roughly 8% to $89.25 before the bell Monday, even as Wells Fargo doubled down on its bullish stance just days before the company’s quarterly report. The bank reaffirmed its Overweight call and maintained a $125 target for the stock.
The timing is key: CoreWeave faces earnings just as markets get twitchy over anything linked to AI spending and its hefty financing needs. Nvidia’s report lands Wednesday, drawing extra scrutiny from traders and possibly setting the mood for AI stocks overall.
CoreWeave will release its fourth-quarter and full-year earnings this Thursday, Feb. 26. The company plans to hold a conference call at 5:00 p.m. ET.
Wells Fargo’s forecast for CoreWeave’s fourth-quarter revenue lands at $1.57 billion, brushing the upper limit of the company’s own outlook. Investors, according to the bank, are zeroed in on fresh details about signed deals and available capacity. “Remaining performance obligations”—that’s the tally for revenue already booked but not yet counted on the books—and power capacity both stand out as the key figures to watch. Investing.com
CoreWeave’s recent agreements tie customers to the company but also hinge on reliable chip supplies and enough data center juice. Last year, it committed to supplying Poolside with a setup packing over 40,000 GPUs—the heavy-duty chips behind AI training. The company has also pledged its infrastructure for Runway’s next-gen AI video models.
CoreWeave wrapped up the third quarter with roughly 590 megawatts of active power, CEO Michael Intrator said in his year-end note. He pointed to a “clear path” for the company to surpass 850 megawatts by year-end, citing additional contracted capacity coming online. CoreWeave
Even so, shares are moving against a backdrop where markets have little patience for firms that routinely tap the debt markets. Lenders aren’t loosening up on lower-rated names, either. Investors, meanwhile, are hashing out just how fast AI could upend current business models and affect cash generation.
Analyst wariness is coming through. HSBC in late January trimmed its CoreWeave target price to $41, sticking with its Reduce call and pointing to higher interest costs as a concern.
CoreWeave’s backers have counted on its relationship with Nvidia. Back in January, Nvidia committed $2 billion to CoreWeave, deepening a partnership focused on boosting U.S. data center capacity.
Eyes are on whether the stock can find its footing before Thursday’s report, as traders brace for what could be a pivotal Nvidia week. Management’s updates on capacity, the contracted backlog, and funding plans will get close scrutiny—investors want to see if those figures and the team’s tone can settle nerves in a market already on edge.
