New York, February 24, 2026, 18:37 EST — After-hours
- CoreWeave shares leapt during Tuesday’s trading, then barely budged in after-hours action.
- The company is said to be arranging bank financing, reportedly backed by a contract with Meta.
- The next catalyst lands Feb. 26 with earnings—investors are zeroed in on funding and capacity.
CoreWeave surged 9.3% to finish at $99.30 on Tuesday, before edging down 0.1% to $99.20 after the bell. Trading volume hit around 23.7 million shares. That put the Nasdaq-listed stock’s market value near $47 billion.
CoreWeave is right in the thick of the high-stakes, cash-hungry AI infrastructure race. Investors have zeroed in on who can secure capital, making funding the headline. Earnings drop in two days.
This isn’t some low-gear software play living off fat margins. It’s a business that needs chips, electricity, and data center racks available to go — plus the money locked in before the hardware even shows up.
CoreWeave is in talks for about $8.5 billion in loans, according to GuruFocus, with the company’s $14.2 billion contract with Meta Platforms put up as collateral. The report also notes that Morgan Stanley and Mitsubishi UFJ Financial Group are among the banks involved, and a separate deal topping $5 billion is expected to bolster the arrangement. The loans could close as soon as March, per the report.
Evercore ISI is sticking with its Outperform rating and $160 price target for CoreWeave as investors look toward the company’s fourth-quarter results on Thursday after the bell. The firm anticipates revenue will land above the $1.55 billion consensus for the December quarter. For Evercore, the timing of “powered shell” deliveries—essentially, completed data-center space that’s ready to go with power—is a key factor to watch, along with the state of the funding environment. Investing
Investors are looking for actual delivery—contracted demand needs to become real, working capacity, not just slide decks and signed orders. If there’s a stumble on space, power, or funding, the stock usually reacts right away.
CoreWeave landed a $14 billion deal with Meta for 2025, according to a filing, which details Meta’s commitment to pay around $14.2 billion by Dec. 14, 2031. There’s also an option to keep it rolling into 2032. These sprawling, multi-year customer contracts have become a backbone for financing throughout the AI infrastructure sector.
Nvidia put $2 billion into CoreWeave back in January, picking up shares at $87.20 apiece, according to both firms. CoreWeave is chasing fresh sites and more power to support a broader data center push. “This expanded collaboration underscores the strength of demand we are seeing across our customer base,” CoreWeave CEO Michael Intrator said at the time. Reuters
Still, there’s risk here. Should the loan fall through or arrive with harsher conditions, CoreWeave could be forced to tap pricier refinancing or scale back its growth plans — and when funding dries up, the market tends to punish highly-leveraged AI infrastructure plays.
Thursday brings the next quarterly report, with traders focused on updates about capacity deliveries and funding plans. Attention then shifts to the Meta-backed borrowing package—market watchers want to see if it really closes by March.
