New York, Feb 16, 2026, 13:47 ET — Market has closed.
- U.S. stock trading takes a break for Washington’s Birthday. Markets pick up again on Tuesday. (New York Stock Exchange)
- CoreWeave wrapped up Friday at $96.04, a modest gain of roughly 0.3%.
- New notices from plaintiff firms flagged a March 13 cutoff for investors aiming to become lead plaintiff in the securities class action. (GlobeNewswire)
CoreWeave (CRWV) faces a looming lawsuit deadline as U.S. trading resumes Tuesday, right when investors are gearing up for the company’s next earnings release.
Shares of the AI cloud firm have swung sharply in recent sessions. With the holiday break, traders get a pause to sort through the legal chatter versus what might actually threaten the story here.
It’s a tricky moment. CoreWeave has its fourth-quarter and full-year 2025 earnings set for release on Feb. 26, with the conference call lined up for 5 p.m. Eastern. (CoreWeave)
A Monday notice flagged that the securities lawsuit—Masaitis v. CoreWeave, Inc., et al.—remains before the U.S. District Court for the District of New Jersey. Investors wanting to serve as lead plaintiff have until March 13 to submit, a move that usually puts them at the helm of the case for the group. (TMX Newsfile)
According to court filings dated Jan. 12, the case names CoreWeave and a group of its executives as defendants. (PacerMonitor)
The complaint claims CoreWeave exaggerated its capacity to serve customers and minimized the dangers of depending on just one third-party data center provider. It highlights delays at a Denton, Texas cluster and also references how the market responded when those issues eventually came to light. (The D&O Diary)
Reed Kathrein, partner at Hagens Berman, said in a statement that the firm is looking into “the gap between the company’s assurances and the alleged reality of construction delays.” The probe comes as questions swirl around the issue. (MarketScreener)
Sell-side views remain somewhere between mixed and upbeat, legal risks notwithstanding. DA Davidson stuck to its buy call, holding the price target at $110, per a note flagged by Insider Monkey. Analyst Alex Platt pointed to the Nvidia deal, calling it the support CoreWeave needs to “sustainably build their future infrastructure.” (Insider Monkey)
CoreWeave’s relationship with Nvidia is key to the bullish thesis. Back in late January, Nvidia put $2 billion into CoreWeave at $87.20 a share, with CoreWeave specifying the funds would support general expansion rather than snapping up more Nvidia chips. (Reuters)
The risk is clear enough—any hitch in execution or funding, and the stock can turn south in a hurry if data center schedules go sideways. Back in November, CoreWeave cut its yearly revenue outlook because of a holdup with an outside data center partner, sending shares tumbling after hours. (Reuters)
The market’s closed Monday. Eyes turn to Tuesday’s open for a fresh gauge on investor sentiment. Then, on Feb. 26, CoreWeave steps up with earnings, expected to address capacity, spending, and whether the case is spilling over — all before that March 13 court deadline hits.
