CoreWeave stock little changed in pre-market as AI enthusiasm offsets lack of new catalysts

CoreWeave is trading essentially steady in pre-market at $77.46, with recent analysis highlighting its status as a high-growth AI cloud beneficiary whose demand far exceeds available capacity.

• The company reported massive Q3 growth, with sales rising to $1.36 billion and adjusted EBITDA climbing to $838 million.
• CoreWeave's backlog expanded by $25 billion, now exceeding $55 billion, driven by major deals with customers including Meta, OpenAI, and NASA.
• Analysts warn that powerful competitors like Amazon and Microsoft remain a key strategic risk, suggesting current price action reflects continuing AI optimism.