New York, February 24, 2026, 18:37 EST — After-hours
- CoreWeave shares rose sharply in Tuesday’s session and were little changed after hours.
- A report said the company is lining up bank financing backed by a Meta contract.
- Earnings on Feb. 26 are the next catalyst, with funding and capacity in focus.
CoreWeave shares jumped 9.3% to close at $99.30 on Tuesday, then slipped 0.1% to $99.20 in after-hours trading. About 23.7 million shares changed hands, leaving the Nasdaq-listed company valued at roughly $47 billion. (Investing)
The move matters because CoreWeave sits in the middle of a capital-intensive AI infrastructure buildout. Investors have been treating funding access as the story, and earnings are two days away.
This is not a slow-growth software name that can coast on margins. The business requires chips, power, and ready-to-run data center space — and it has to line up cash before the hardware arrives.
CoreWeave is negotiating about $8.5 billion in loans from a group of investment banks, using its roughly $14.2 billion agreement with Meta Platforms as collateral, GuruFocus reported. The financing would involve banks including Morgan Stanley and Mitsubishi UFJ Financial Group, with another deal valued above $5 billion supporting the package, the report said. It added the loans could be finalised by March. (GuruFocus)
Evercore ISI reiterated its Outperform rating and $160 price target ahead of CoreWeave’s fourth-quarter report on Thursday after the close. The firm said it expects revenue above the current $1.55 billion consensus for the December quarter and flagged timing of “powered shell” deliveries — finished data-center space with power in place — as a key watch item, along with the broader funding backdrop. (Investing)
In plain terms, investors want proof that contracted demand turns into live capacity, not just presentations and purchase orders. Any hiccup in space, power, or financing tends to show up fast in the stock.
CoreWeave signed a $14 billion agreement with Meta in 2025 and said in a filing that Meta committed to pay about $14.2 billion through Dec. 14, 2031, with an option to extend into 2032. That kind of long-dated customer contract is increasingly used as financing scaffolding across AI infrastructure. (Reuters)
Nvidia invested $2 billion in CoreWeave in January at $87.20 a share, the companies said, as CoreWeave targets new land and power for more data centers. “This expanded collaboration underscores the strength of demand we are seeing across our customer base,” CoreWeave CEO Michael Intrator said at the time. (Reuters)
But there is a downside case. If the loan does not land, or lands on tougher terms, CoreWeave may have to slow expansion or refinance more expensively — and the market has not been patient with levered AI infrastructure trades when funding tightens.
Next up is Thursday’s quarterly report and any read-through on capacity deliveries and funding plans. After that, traders will watch whether the Meta-backed borrowing package actually closes by March.
