New York, Feb 26, 2026, 15:06 EST — Regular session in progress.
- CoreWeave shares slipped in the afternoon, with investors waiting on results set for release after the close.
- Data-center financing plans linked with Nvidia and Meta are drawing investor attention right now.
- The next swing could hinge on fresh cues about spending and debt.
CoreWeave slipped 0.8% to $97.29 Thursday afternoon, having bounced from $95.05 up to $100.72 earlier in the day. The Nasdaq-traded AI cloud firm currently commands a roughly $51 billion market cap.
The company is set to report results later Thursday, and investors are eager for clarity on cash flow and debt—not just another growth story. CoreWeave’s expansion requires heavy upfront outlays, leaving the stock sensitive to even slight changes in financing terms.
Nvidia may step in to guarantee a slice of CoreWeave’s data-center lease payments—part of a plan to lock in construction financing, a CoreWeave executive told analysts, according to Business Insider. The deal structure, compared to Google’s backing of Fluidstack, comes on top of Nvidia’s purchase of $2 billion in CoreWeave stock. There’s also an agreement for Nvidia to pick up as much as $6.3 billion in computing power if CoreWeave can’t move it, the outlet reported. Projections are for AI infrastructure spending to more than double by 2026. “Sentiment was pretty low” three months back but is starting to turn, said D.A. Davidson’s Alex Platt. CoreWeave has been “outperforming,” especially around customer concentration and power access, said Steven McDonald at S&P Global Ratings, which currently has the company at a B+—sub-investment grade, but with a stable outlook. Business Insider
According to Bloomberg, CoreWeave is arranging a delayed-draw term loan totaling roughly $8.5 billion, secured by customer contracts with Meta that could reach as high as $14.2 billion. Bloomberg also reported CoreWeave has inked another deal, this one topping $5 billion.
CoreWeave is projected to report a 68-cent per share loss for the fourth quarter, with revenue hitting $1.53 billion, Kiplinger says. Cash burn, capex, and how quickly new capacity ramps up are likely to draw the most investor scrutiny.
Broader markets slid, Nasdaq losing roughly 1.3% and Nvidia dropping over 5% in the afternoon, Investopedia reported. The declines weighed on AI-related stocks, despite persistent signs of strong demand.
Nvidia topped expectations late Wednesday and said it’s targeting first-quarter revenue of $78 billion, give or take 2%, according to Reuters. The chipmaker’s numbers now serve as a key barometer for spending trends that ripple through cloud and data-center operators.
CoreWeave provides cloud infrastructure tailored for AI workloads, giving clients GPU and CPU compute as well as managed software services, per a Reuters company profile. The model scales rapidly but often accelerates expenses tied to hardware, power, and leases.
The structure, though, remains vulnerable. A squeeze in credit or even just a few key clients pulling back on spending might leave the company scrambling—either cutting back on deployments or shelling out more for funding.
CoreWeave will hold its conference call to go over fourth-quarter and full-year numbers at 5 p.m. Eastern Time on Thursday, according to the company. Investors are zeroed in on 2026 spending plans—especially the extent tied to partner credit backing—which could drive sentiment into the following session.
Traders are eyeing potential financing linked to Meta contracts, and they’ll be looking to see if Nvidia guarantees start showing up as the norm on upcoming data-center leases.
