GoKawiilCoreWeave shares jump 25% after earnings beat and raised 2026 guidance
CoreWeave reported quarterly revenue above expectations and raised its 2026 guidance, sending shares up nearly 25% on Wednesday. CEO Michael Intrator told CNBC's Jim Cramer that demand for the company's computing capacity is ten times its current supply, and defended its debt-heavy financing strategy, which increasingly relies on equipment and contract-backed loans rather than bonds.
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The earnings beat may ease investor worries about a broader slowdown in AI infrastructure spending, a concern that has also affected rivals like Iren and Nebius. Cramer's shift from skepticism to cautious optimism suggests CoreWeave's unusual financing approach and pricing power from scarce capacity could offset worries about its substantial debt load, though shares remain well below their 52-week high.
- CoreWeave shares rose nearly 25% after beating revenue estimates and raising 2026 guidance.
- CEO Intrator says demand for computing capacity is 10 times current supply, supporting price increases.
- Despite the rally, shares are still down 15% year-to-date and 55% below their May peak.
Source: cnbc.com — Alexa Lomonaco, 2026-11-11
Published there as: “Jim Cramer says investors need to pay attention to CoreWeave. Here's why”
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