<p><img src="https://pub.pbkrs.com/uploads/2025/431f08f2e4b8f38af83b0eaaf9b1b6dd?x-oss-process=style/lg" alt="" width="1200" height="675" original-src="https://pub.pbkrs.com/uploads/2025/431f08f2e4b8f38af83b0eaaf9b1b6dd"/></p>
<h2>關鍵要點</h2>
<ul>
<li><strong>CoreWeave 內部人士正在出售股票，但投資者應三思而後行；人工智能需求強勁，推動健康的收入增長和盈利前景。</strong></li>
<li><strong>分析師和機構正在購買該股票，為第四季度提供了堅實的支撐基礎。</strong></li>
<li><strong>第三季度業績的預測可能較低，為公司超越預期和股價上漲提供了催化劑。</strong></li>
</ul>
<p>CoreWeave（納斯達克：CRWV）內部人士正在出售股票，但投資者在平倉或做空之前應三思而後行。儘管存在一些擔憂，但對以人工智能為中心的數據中心計算能力和 NVIDIA（納斯達克：NVDA）GPU 即服務的需求非常強勁，推動了健康的增長和盈利前景。</p>
<p>截至十月底的共識數據顯示，該公司的收入預計將在未來五年內以高雙位數的複合年增長率增長，預計到 2026 年底/2027 年初實現盈利，之後盈利將強勁增長。</p>
<p>在這種情況下，CoreWeave 的交易價格相對於可能較低的前瞻性估計處於低十幾美元水平。公司的增長軌跡支持其價格走勢，提供了未來幾年內 100% 上漲的潛力，並預計將迎來分析師的升級週期。</p>
<p>2025 年底的趨勢與股價上漲相一致，包括快速增加的覆蓋率、情緒的回暖（共識評級為適度買入）以及上升的目標價格。共識在十月底滯後於價格走勢，但隨着價格上漲提供了市場支撐，過去 90 天上漲了 50%。高端區間指向 200 美元，達到時將創下新的歷史高點，股價幾乎上漲 50%。</p>
<p>同樣，機構活動也與 <strong>股價上漲的前景</strong> 相一致。該集團在第三季度以每賣出 1 美元就購買超過 2 美元的速度進行強勁購買，並在第四季度保持看漲趨勢。本季度頭幾周的活動餘額約為 2.5 億美元的購買，而出售不足 300 萬美元，使該集團的總敞口接近 50%，不包括主要股東和內部人士。</p>
<hr/>
<hr/>
<p><img src="https://pub.pbkrs.com/uploads/2025/3058a33458c5df9ea2d4a7200c01088a?x-oss-process=style/lg" alt="" width="1200" height="559" original-src="https://pub.pbkrs.com/uploads/2025/3058a33458c5df9ea2d4a7200c01088a"/></p>
<h2>CoreWeave 內部人士在鎖定期結束時出售股票</h2>
<p>CoreWeave 的內部人士，包括首席執行官、首席財務官、首席戰略官、首席數據官、總法律顧問、高級副總裁、創始人和董事，自三月以來一直在出售股票。實際上，自首次公開募股以來，內部人士只進行了股票出售，沒有購買，但投資者不應對此消息過於解讀。大多數銷售與預先安排的交易計劃一致，旨在利用即將到期的鎖定期，而 Magnetar Financial, LLC 佔據了大部分銷售。</p>
<p>Magnetar Financial 是該業務的早期投資者。它是一家多策略的另類資產管理公司，最初通過提供貸款獲得了曝光，後來演變為 <strong>一個重要的股權頭寸</strong>。在股票交易價格比首次公開募股價格高出 350% 的情況下，適度獲利是明智的。</p>
<p>關鍵的結論是，內部人士仍然持有該公司 25% 的重要股份，提供了堅實的支撐基礎。風險在於，內部人士的出售可能在未來幾個季度持續，保持高波動性。</p>
<h2>空頭頭寸對 CoreWeave 投資者構成風險</h2>
<p>CoreWeave 的空頭頭寸對其投資者構成短期威脅。過去兩個月，空頭頭寸穩步增長，在十月初達到了超過 10% 的創紀錄高位。10% 並非不可逾越，但可能會繼續上升，而內部人士的出售威脅增加了風險。</p>
<p>結論是，CoreWeave 的波動性在可預見的未來可能仍然很高，直到空頭退出市場，股價可能會出現顯著的修正。關鍵支撐位在 130 美元、120 美元和 100 美元附近。</p>
<p>價格走勢反映了內部人士和空頭賣出引發的波動，股價從峯值回調超過 50%，分析師的十月反彈強勁。</p>
<p>下一個明顯的催化劑是計劃在 11 月中旬發佈的第三季度財報，分析師預測將實現高單位數的順序收入增長，但已將預期設定較低並進行了下調。</p>
<p>假設 CoreWeave 的業績與其他以人工智能為中心的企業相似，可能的結果是顯著超越預期和有利的指引。</p>

CRWV

<p>CoreWeave 內部人士正在出售股份，引發了人們的擔憂，但該公司仍保持強大的內部持股和機構購買。分析師預測，由於人工智能需求的推動，收入將實現強勁增長，未來幾年股價有可能上漲 100%。儘管由於鎖定期到期，內部人士出售股份，但他們仍持有公司 25% 的股份。空頭頭寸帶來了風險，預計在空頭退出之前會出現波動。即將發佈的第三季度財報被預期將成為股價表現的催化劑，分析師預測將顯著超出預期</p>

<p><img src="https://pub.pbkrs.com/uploads/2025/431f08f2e4b8f38af83b0eaaf9b1b6dd?x-oss-process=style/lg" alt="" original-src="https://pub.pbkrs.com/uploads/2025/431f08f2e4b8f38af83b0eaaf9b1b6dd"/></p>
<h2>Key Points</h2>
<div class="lb-trans"><h2>關鍵要點</h2>
</div><ul>
<li><strong>CoreWeave insiders are selling shares, but investors should think twice; AI demand is robust, fueling a healthy revenue growth and profitability outlook.</strong></li>
<li><strong>Analysts and institutions are buying this stock, providing a solid support base in Q4.</strong></li>
<li><strong>The forecast for Q3 results is likely to be low, setting the company up for outperformance and a catalyst for higher share prices.</strong></li>
</ul>
<div class="lb-trans"><ul>
<li><strong>CoreWeave 內部人士正在出售股票，但投資者應三思而後行；人工智能需求強勁，推動健康的收入增長和盈利前景。</strong></li>
<li><strong>分析師和機構正在購買該股票，為第四季度提供了堅實的支撐基礎。</strong></li>
<li><strong>第三季度業績的預測可能較低，為公司超越預期和股價上漲提供了催化劑。</strong></li>
</ul>
</div><p>CoreWeave (NASDAQ: CRWV) insiders are selling shares, but investors should think twice before closing positions or going short. While there are concerns, the demand for AI-centric data center computing capabilities and NVIDIA (NASDAQ: NVDA) GPU-as-a-service is tremendous, fueling a robust growth and profitability outlook.</p>
<div class="lb-trans"><p>CoreWeave（納斯達克：CRWV）內部人士正在出售股票，但投資者在平倉或做空之前應三思而後行。儘管存在一些擔憂，但對以人工智能為中心的數據中心計算能力和 NVIDIA（納斯達克：NVDA）GPU 即服務的需求非常強勁，推動了健康的增長和盈利前景。</p>
</div><p>The consensus figures as of late October suggest this company’s revenue will grow at a high-double-digit compound annual rate for at least the next five years, with profitability reached by late 2026/early 2027 and earnings growing robustly afterward.</p>
<div class="lb-trans"><p>截至十月底的共識數據顯示，該公司的收入預計將在未來五年內以高雙位數的複合年增長率增長，預計到 2026 年底/2027 年初實現盈利，之後盈利將強勁增長。</p>
</div><p>In this scenario, CoreWeave trades in the low teens relative to forward estimates that are likely to be low. The company's growth trajectory supports its price action, providing potential for a 100% rise over the next few years and an anticipated analyst upgrade cycle.</p>
<div class="lb-trans"><p>在這種情況下，CoreWeave 的交易價格相對於可能較低的前瞻性估計處於低十幾美元水平。公司的增長軌跡支持其價格走勢，提供了未來幾年內 100% 上漲的潛力，並預計將迎來分析師的升級週期。</p>
</div><p>The trends in late 2025 align with a rising share price, including rapidly increasing coverage, firming sentiment with consensus pegged at Moderate Buy, and a rising price target. The consensus lags the price action in late October but provides market support as it trends higher, up 50% in the preceding 90 days. The high-end range points to $200, a fresh all-time high and a nearly 50% stock price gain when reached.</p>
<div class="lb-trans"><p>2025 年底的趨勢與股價上漲相一致，包括快速增加的覆蓋率、情緒的回暖（共識評級為適度買入）以及上升的目標價格。共識在十月底滯後於價格走勢，但隨着價格上漲提供了市場支撐，過去 90 天上漲了 50%。高端區間指向 200 美元，達到時將創下新的歷史高點，股價幾乎上漲 50%。</p>
</div><p>Likewise, institutional activity also aligns with <strong>an outlook for rising share prices</strong>. The group bought robustly in Q3 at a pace of more than $2 for every $1 sold and carried a bullish trend into Q4. The balance of activity in the first few weeks of the quarter is approximately $250 million bought, compared with less than $3 million sold, bringing the group's total exposure to nearly 50%, excluding major shareholders and insiders.</p>
<div class="lb-trans"><p>同樣，機構活動也與 <strong>股價上漲的前景</strong> 相一致。該集團在第三季度以每賣出 1 美元就購買超過 2 美元的速度進行強勁購買，並在第四季度保持看漲趨勢。本季度頭幾周的活動餘額約為 2.5 億美元的購買，而出售不足 300 萬美元，使該集團的總敞口接近 50%，不包括主要股東和內部人士。</p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><hr/>
<div class="lb-trans"><hr/>
</div><p><img src="https://pub.pbkrs.com/uploads/2025/3058a33458c5df9ea2d4a7200c01088a?x-oss-process=style/lg" alt="" original-src="https://pub.pbkrs.com/uploads/2025/3058a33458c5df9ea2d4a7200c01088a"/></p>
<h2>CoreWeave Insiders Sell Shares as Lock-Up Expires</h2>
<div class="lb-trans"><h2>CoreWeave 內部人士在鎖定期結束時出售股票</h2>
</div><p>CoreWeave insiders, including the CEO, CFO, CSO, CDO, GC, SVP, founders, and directors, have sold shares since March. In fact, insiders have only sold shares since the IPO; there are no purchases, but investors shouldn’t read too much into the news. Most sales align with prearranged trading plans intended to take advantage of the expiring lock-up, and Magnetar Financial, LLC accounts for the bulk of those sales.</p>
<div class="lb-trans"><p>CoreWeave 的內部人士，包括首席執行官、首席財務官、首席戰略官、首席數據官、總法律顧問、高級副總裁、創始人和董事，自三月以來一直在出售股票。實際上，自首次公開募股以來，內部人士只進行了股票出售，沒有購買，但投資者不應對此消息過於解讀。大多數銷售與預先安排的交易計劃一致，旨在利用即將到期的鎖定期，而 Magnetar Financial, LLC 佔據了大部分銷售。</p>
</div><p>Magnetar Financial is an early investor in the business. It is a multi-strategy alternative asset manager that first gained exposure by extending a loan that later evolved into <strong>a significant equity position</strong>. With shares trading 350% above the IPO price, taking some profits off the table was prudent.</p>
<div class="lb-trans"><p>Magnetar Financial 是該業務的早期投資者。它是一家多策略的另類資產管理公司，最初通過提供貸款獲得了曝光，後來演變為 <strong>一個重要的股權頭寸</strong>。在股票交易價格比首次公開募股價格高出 350% 的情況下，適度獲利是明智的。</p>
</div><p>The critical takeaway is that insiders still own a significant 25% of the business and provide a solid support base. The risk is that insider selling will persist in the coming quarters, keeping volatility high.</p>
<div class="lb-trans"><p>關鍵的結論是，內部人士仍然持有該公司 25% 的重要股份，提供了堅實的支撐基礎。風險在於，內部人士的出售可能在未來幾個季度持續，保持高波動性。</p>
</div><h2>Short Interest Is a Risk for CoreWeave Investors</h2>
<div class="lb-trans"><h2>空頭頭寸對 CoreWeave 投資者構成風險</h2>
</div><p>CoreWeave’s short interest poses a near-term threat to its investors. Short interest has grown steadily over the past two months, reaching a record high of more than 10% in early October. 10% is not insurmountable, but it could continue to trend higher, and the threat of insider selling adds to the risks.</p>
<div class="lb-trans"><p>CoreWeave 的空頭頭寸對其投資者構成短期威脅。過去兩個月，空頭頭寸穩步增長，在十月初達到了超過 10% 的創紀錄高位。10% 並非不可逾越，但可能會繼續上升，而內部人士的出售威脅增加了風險。</p>
</div><p>The takeaway is that CoreWeave’s volatility is likely to remain high for the foreseeable future, and there is potential for significant stock price corrections until the shorts exit the market. The critical support levels are near $130, $120, and $100.</p>
<div class="lb-trans"><p>結論是，CoreWeave 的波動性在可預見的未來可能仍然很高，直到空頭退出市場，股價可能會出現顯著的修正。關鍵支撐位在 130 美元、120 美元和 100 美元附近。</p>
</div><p>Price action reflects volatility induced by insider and short selling, with the stock price having corrected by more than 50% from its peak, and by analysts, with the October rebound strong.</p>
<div class="lb-trans"><p>價格走勢反映了內部人士和空頭賣出引發的波動，股價從峯值回調超過 50%，分析師的十月反彈強勁。</p>
</div><p>The next visible catalyst is the Q3 earnings release, scheduled for mid-November, in which analysts forecast a high-single-digit sequential revenue growth but have set the bar low with downward revisions.</p>
<div class="lb-trans"><p>下一個明顯的催化劑是計劃在 11 月中旬發佈的第三季度財報，分析師預測將實現高單位數的順序收入增長，但已將預期設定較低並進行了下調。</p>
</div><p>The likely outcome, assuming CoreWeave delivers results similar to those of other AI-centric businesses, is significant outperformance and favorable guidance.</p>
<div class="lb-trans"><p>假設 CoreWeave 的業績與其他以人工智能為中心的企業相似，可能的結果是顯著超越預期和有利的指引。</p>
</div>

儘管有內部人士在拋售，CoreWeave 的股票是否仍值得買入？