CoreWeave, Inc. (NASDAQ:CRWV) shares are up by more than 8% on Tuesday as the company expands its cloud AI platform into Indonesia.
This move marks CoreWeave’s first data center presence in the Asia-Pacific region, which could enhance its ability to serve AI pioneers across Southeast Asia while reflecting a growing demand for AI compute resources.
Expands Cloud AI Platform Into Indonesia
CoreWeave recently announced the addition of three new facilities in Indonesia, totaling 360 megawatts of contracted IT power, expected to come online in 2028.
This expansion aligns with Indonesia’s national priorities to strengthen digital infrastructure and enhance domestic AI capabilities.
Notably, CoreWeave’s Indonesia facilities expand its global AI infrastructure network. As of March 31, 2026, the company operated 49 data centers worldwide, with more than 1GW of active power and over 3.5GW of contracted capacity supporting AI workloads.
CRWV Technical Outlook: Trend, Momentum And Key Levels
Currently, CoreWeave is trading at $92.84, which is more than 10% above its 20-day simple moving average (SMA) of $77.86 but 8.7% below its 50-day SMA of $93.44. The stock has experienced a bearish trend, highlighted by a death cross in July, where the 50-day SMA crossed below the 200-day SMA.
The primary momentum indicator, the Relative Strength Index (RSI), is currently at 53.35, indicating a neutral momentum environment. This suggests that the stock is neither overbought nor oversold, providing a balanced view of market sentiment. The Moving Average Convergence Divergence (MACD) is also worth noting, as it indicates pressure building or fading based on its relationship with the signal line.
- Key Resistance: $85.50 — a nearby level where rebounds can stall, reflecting a round-number area.
- Key Support: $68.50 — a nearby level where buyers previously stepped in, indicating potential buying interest.
CoreWeave Earnings Preview And Analyst Price Targets
The countdown is on: CoreWeave is set to report earnings on August 11, 2026 (confirmed).
- EPS Estimate: -$1.27 (Down from a loss of 27 cents)
- Revenue Estimate: $2.56 billion (Up from $1.21 billion)
Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price forecast of $141.05. Recent analyst moves include:
- Piper Sandler: Initiated with Overweight (Target $151.00) (Aug. 3)
- Truist Securities: Upgraded to Buy (Lowers Target to $126.00) (July 22)
- Baird: Initiated with Outperform (Target $100.00) (July 22)
How CoreWeave Ranks On Momentum Versus The Market
Below is the Benzinga Edge scorecard for CoreWeave, highlighting its strengths and weaknesses compared to the broader market:
- Momentum: Strong (Score: 9.54) — Stock is outperforming the broader market.
The Verdict: CoreWeave’s Benzinga Edge signal reveals a momentum-driven story, indicating strong performance relative to the market. This momentum, coupled with its strategic expansion into Indonesia, positions the company favorably for future growth.
CRWV ETF Exposure: Funds With The Biggest Weights
- 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.
CRWV Stock Price Today: Premarket Trading Update
CRWV Stock Price Activity: CoreWeave shares were up 8.26% at $92.84 at the time of publication on Tuesday, according to Benzinga Pro data.
Photo via Shutterstock
Login to comment