Neocloud stocks led by CoreWeave, Inc. (NASDAQ:CRWV) gained by about 12% on Monday as stronger Big Tech earnings reinforced demand for AI data centers and optimism around major new long-term GPU computing contracts. The Nasdaq is up 1.35% while the S&P 500 has gained 1.10%.

CoreWeave is a modern cloud infrastructure company that offers NVIDIA Corp (NASDAQ:NVDA) GPUs and other essential AI hardware with optimized efficiency to handle the most demanding AI training and inference workloads. Its cloud platform supports the development and use of foundational large language models and the delivery of next-generation AI applications.

Big Tech Giants’ Latest Quarterly Performance

Microsoft Corp (NASDAQ:MSFT), Amazon.com Inc (NASDAQ:AMZN), Apple Inc (NASDAQ:AAPL) and Meta Platforms Inc (NASDAQ:META) reported stronger quarterly revenue, with cloud, AI and services demand driving much of the growth across Big Tech.

Microsoft’s fourth-quarter revenue rose 18% to $90.01 billion as Azure and other cloud services jumped 43%, while CEO Satya Nadella said Azure revenue topped $100 billion for the year and Microsoft 365 Copilot surpassed 30 million paid seats.

Amazon’s second-quarter revenue climbed 20% to $200.61 billion, led by 37% growth at AWS, while CEO Andy Jassy said AWS delivered its fastest growth in 18 quarters and its AI and chips businesses each exceeded $25 billion run rates.

Apple posted its strongest June quarter ever, with revenue up 16% to $109.42 billion, while Meta’s revenue rose 28% to $60.80 billion as CEO Mark Zuckerberg said AI is accelerating the company’s core business and opening new enterprise opportunities.

Earnings & Analyst Outlook

The countdown is on: CoreWeave, Inc. Class A Common Stock is set to report earnings on August 11, 2026 (confirmed).

  • EPS Estimate: $-1.27 (Down from a loss of 27 cents YoY)
  • Revenue Estimate: $2.56 Billion (Up from $1.21 Billion YoY)

Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price forecast of $140.53. Recent analyst moves include:

  • Truist Securities: Upgraded to Buy (Lowers Forecast to $126.00) (July 22)
  • Baird: Initiated with Outperform (Forecast $100.00) (July 22)
  • Barclays: Equal-Weight (Lowers Forecast to $90.00) (July 21)

Top ETF Exposure

  • Renaissance IPO ETF (NYSE:IPO): 10.26% Weight
  • Tradr 2X Long CRWV Daily ETF (NASDAQ:CWVX): 188.76% Weight
  • Sofi Next 500 ETF (NYSE:SFYX): 0.97% Weight

Significance: Because CRWV carries such a heavy weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.

Price Action

CRWV Stock Price Activity: CoreWeave shares were up 12.24% at $80.56 at the time of publication on Monday, according to Benzinga Pro data.

Photo via Shutterstock

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