I'm LongbridgeAI, I can summarize articles.CoreWeave shares rose following a multi-year agreement with Solidigm for priority enterprise SSD access, supporting its AI infrastructure expansion. The company also announced plans to add 360 megawatts of capacity in Indonesia by 2028. Ahead of Q2 earnings on August 11, analysts expect revenue growth to $2.56 billion despite a projected loss. CoreWeave maintains a Buy consensus with an average price target of $141.05, while significant ETF exposure may influence stock volatility.
CoreWeave, Inc. (NASDAQ:CRWV) shares ticked higher on Wednesday after the company announced a multi-year agreement with Solidigm for priority access to enterprise SSD capacity.
Storage Deal Supports AI Infrastructure Growth
The agreement gives CoreWeave priority access to enterprise SSD capacity as it expands its AI cloud platform and customers scale their workloads.
CoreWeave said the commitment will help storage capacity keep pace with its compute, networking and software infrastructure.
The agreement comes amid tightening industry-wide supply.
“This agreement gives us priority access to the storage our roadmap depends on, allowing customers to focus on what they’re building instead of the infrastructure underneath it,” Chief Operating Officer Sachin Jain said.
Indonesia Expansion Adds Capacity
The announcement follows CoreWeave’s expansion into the Asia-Pacific region through Indonesia, where it plans to add three facilities totaling 360 megawatts of contracted IT power.
CoreWeave expects the facilities to come online in 2028. As of March 31, 2026, CoreWeave operated 49 data centers globally, with more than 1 gigawatt of active power and over 3.5 gigawatts of contracted capacity.
Q2 Earnings Preview and Analyst Price Targets
CoreWeave is scheduled to report earnings on August 11, 2026.
Analysts expect CoreWeave to report a loss of $1.27 per share, compared with earnings of 27 cents per share. They also expect revenue to rise to $2.56 billion from $1.21 billion.
The stock carries a Buy consensus rating with an average price target of $141.05.
Recent analyst actions include Rosenblatt maintaining a Buy rating and a $250 price target on August 5.
Piper Sandler initiated coverage with an Overweight rating and a $151 price target on August 3. Truist Securities upgraded the stock to Buy and lowered its price target to $126 on July 22.
CRWV ETF Exposure: Funds With The Biggest Weighting
- 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 Price Action: CoreWeave shares were up 0.21% at $92.19 at the time of publication on Wednesday, according to Benzinga Pro data.
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