CoreWeave (NASDAQ: CRWV) shares surged more than 8% on heavy volume on March 11, 2026. The stock gapped up to $79.00 at the market open. This followed a previous close of $74.92. Shares reached an intraday high of $82.87.
The company announced new Flexible Capacity Plans to provide customers with greater control over AI compute costs. Reports indicate CoreWeave is also pursuing an $8.5 billion delayed-draw loan to expand cloud computing capabilities. This financing is reportedly backed by more than $19 billion in long-term contracts with Meta Platforms.
These developments contrast with an approaching March 13, 2026, deadline for a securities fraud class-action lawsuit. The suit alleges CoreWeave made misleading statements regarding customer demand. Litigation also claims the company concealed significant operational delays.