CoreWeave Inc. (CRWV) shares rose nearly 9% in Tuesday's trading after Cantor Fitzgerald highlighted a supplemental disclosure in the company's recent bond offering memorandum that equity investors have "largely ignored," according to TheFly. The disclosure contains a run-rate EBITDA figure based on signed contracts, which Cantor used to project that CoreWeave is on track to materially exceed Wall Street's backlog expectations for the second quarter and could generate nearly $40 billion in new contract bookings during Q2, roughly matching the record achieved in Q1. The analysis comes as CoreWeave accelerates its AI infrastructure expansion, with Cantor estimating the company has already secured approximately 90% of its targeted $30 billion annual recurring revenue goal for 2027.
Cantor Fitzgerald Projects $40 Billion Q2 Contract Bookings for CoreWeave
Cantor Fitzgerald stated that CoreWeave disclosed a run-rate earnings before interest, taxes, depreciation, and amortization (EBITDA) figure based on signed contracts in its recent bond offering memorandum. The firm used this disclosure to assess CoreWeave's performance during the second quarter.
Based on that analysis, Cantor believes CoreWeave is on track to materially exceed Wall Street's backlog expectations for the quarter. The firm estimates that CoreWeave could generate nearly $40 billion in new contract bookings during the second quarter, roughly matching the record level achieved in the first quarter.
Looking further ahead, Cantor believes CoreWeave has likely already secured about 90% of its targeted $30 billion annual recurring revenue (ARR) goal for 2027. The firm reiterated its 'Overweight' rating on CoreWeave, with a price target of $167, implying an upside potential of about 44% from current levels.
CoreWeave Trains 671-Billion-Parameter AI Model Using 8,192 Nvidia GPUs
CoreWeave announced on Tuesday that it trained the 671-billion-parameter DeepSeek-V3 AI model to target quality in approximately two minutes using 8,192 Nvidia Corp. (NVDA) GB300 GPUs across 2,048 nodes. The company said it was the only participant to scale a GB300 platform beyond 2,048 GPUs on the workload, highlighting the performance of its AI infrastructure.
CoreWeave Joins Nasdaq-100 Index on June 22, 2026
CoreWeave announced last week that it has been selected for inclusion in the Nasdaq-100 Index and is expected to join the benchmark before the market opens on June 22, 2026. The announcement comes just over a year after CoreWeave's Nasdaq debut in March 2025, when the company raised $1.5 billion in the largest U.S. tech IPO since 2021.
CoreWeave Stock Performance and Retail Sentiment
Retail sentiment on Stocktwits around CoreWeave trended in the 'bullish' territory at the time of writing, with message volumes at 'high' levels. CRWV stock is up 61% year-to-date, but down 27% over the past 12 months. The Invesco QQQ Trust (QQQ) is up 37% over the past 12 months, while the iShares U.S. Technology ETF (IYW) is up 50%.
FAQ
What did Cantor Fitzgerald say about CoreWeave's second quarter contract bookings?
Cantor Fitzgerald estimates that CoreWeave could generate nearly $40 billion in new contract bookings during the second quarter, roughly matching the record level achieved in the first quarter. The firm based this projection on a run-rate EBITDA figure disclosed in CoreWeave's recent bond offering memorandum.
When will CoreWeave join the Nasdaq-100 Index?
CoreWeave is expected to join the Nasdaq-100 Index before the market opens on June 22, 2026, following its selection for inclusion announced last week.
What AI training milestone did CoreWeave announce on Tuesday?
CoreWeave announced on Tuesday that it trained the 671-billion-parameter DeepSeek-V3 AI model to target quality in approximately two minutes using 8,192 Nvidia GB300 GPUs across 2,048 nodes, becoming the only participant to scale a GB300 platform beyond 2,048 GPUs on the workload.
