New York, January 16, 2026, 16:49 EST — After-hours
- CoreWeave shares climbed roughly 6.4% to $101.23 in after-hours, pushing their rebound over the last two sessions even higher.
- JPMorgan confirmed the data-center project, once delayed, is now back on track, maintaining its Hold rating and $110 price target.
- A securities class action has been filed, linked to statements about the Denton, Texas data-center expansion, a law firm reported.
CoreWeave shares rose roughly 6.4% to $101.23 in after-hours trading Friday, after moving between $95.84 and $102.95 during the regular session.
This shift is significant as the AI-centric cloud infrastructure company has been grappling with execution risk — specifically, whether it can ramp up new data-center capacity quickly enough to meet contract demand without hitting snags like delays, power shortages, or rising financing expenses.
The pressure intensified sharply in late 2025, after a delay at a data center sparked a steep selloff, prompting investors to search for any signals that the buildout might be leveling off.
JPMorgan analyst Mark Murphy said a previously delayed site “is now on schedule” compared to the timeline shared in the company’s last earnings call, following a meeting with CoreWeave executives. He kept his Hold rating and $110 price target unchanged. 1
Murphy highlighted CoreWeave’s funding structure, noting that the company is somewhat shielded from shifts in corporate borrowing costs since most of its capital spending relies on asset-based financing—loans backed by physical assets like equipment and data-center infrastructure. That said, he cautioned there “could be a wide range of outcomes” for the shares if markets turn defensive. 1
The stock showed volatility this week, closing at $95.01 on Thursday before jumping to $101.17 on Friday. That’s about a 13% gain over just two sessions. 2
Late Friday, AI infrastructure stocks showed mixed action. Nvidia, which supplies and backs CoreWeave, slipped around 0.5%. Core Scientific, a data-center operator, climbed roughly 4.6%, and Super Micro Computer, a server manufacturer, jumped about 11%.
Legal troubles surfaced as Hagens Berman announced a securities class action lawsuit against CoreWeave and certain executives. The suit targets investors who purchased shares between March 28, 2025, and Dec. 15, 2025, linked to statements about the Denton, Texas data-center cluster and related revenue forecasts. Partner Reed Kathrein said, “Among other things, we are investigating” the claims. The lead plaintiff deadline is set for March 13, 2026. 3
CoreWeave has faced intense scrutiny since November, after it trimmed its annual revenue forecast citing “temporary” problems at its data centers, despite signaling robust AI demand. That combination has left the stock jittery around any updates on capacity delivery. 4
Investors are shifting focus to upcoming earnings for fresh details on timelines, utilization, and any insights into the Denton buildout. According to Investing.com, CoreWeave’s next earnings report is due Feb. 18.
