CoreWeave Stock’s $66.8 Billion Question: Can AI Backlog Become Real Revenue?

CoreWeave steps into the spotlight after Thursday’s close with its first-quarter results, setting up a test for how much investors are still willing to pay for a big pile of AI cloud contracts—even as the price tag for expansion climbs. The company’s results call is slated for May 7 at 5 p.m. ET. Ahead of the U.S. market open, shares last traded at $127.89, putting them up about 2% from the previous close.