u/Turbulent-Theory-128

genuinely think the market still doesn’t understand what CoreWeave actually is.

People keep screaming “too much debt”, “too expensive”, “AI bubble”, but let’s look at the actual numbers:

• ~$60B market cap
• Nearly $100B backlog / remaining performance obligations
• Q1 2026 revenue up over 100% YoY to about $2.08B
• NVIDIA nearly doubled its stake to ~47.2M shares in Q1 2026
• Meta, OpenAI, Anthropic, Jane Street all tied into the ecosystem
• Massive long-term infrastructure contracts already signed
• No major smart-money exodus from the funds tracking this space

The most interesting thing to me is this:

If the “AI infra collapse” thesis was real, why are institutions STILL increasing exposure instead of dumping?

NVIDIA isn’t just some random investor here. Jensen Huang has visibility into AI compute demand better than almost anyone on Earth. And instead of reducing exposure, NVIDIA increased its position by ~94.5% in Q1 2026.

At the same time, CoreWeave’s backlog exploded to around $99.4B, driven by deals with Meta, Anthropic and others.

People are acting like this is some speculative startup with no customers. Meanwhile they already have hyperscaler-scale demand locked in for years.

Yes, the debt is huge.
Yes, capex is huge.
But that’s literally the business model of building AI infrastructure at hyperscale speed.

Amazon looked financially insane during its infrastructure buildout too.

The market seems obsessed with short-term GAAP profitability while ignoring that AI compute demand is becoming a strategic resource globally.

https://preview.redd.it/ghbbw0vv0p2h1.png?width=1908&format=png&auto=webp&s=73a29d53bf3b38731e88817366659cb7fedf869e

NVIDIA Q1 FY27 was absolutely insane.

Key points from the CFO commentary:

• Revenue: $81.6B vs ~$78-79B expected
• Data Center: $75.2B (+92% YoY)
• Networking revenue: $14.8B (+199% YoY)
• Gross margin stayed around 75%
• Q2 guidance: $91B revenue expected
• And this is the crazy part: NVIDIA says they are assuming ZERO China Data Center compute revenue in guidance.

Blackwell is ramping massively already, hyperscalers are still spending aggressively, and enterprise / sovereign AI demand is becoming huge.

Another underrated detail:
Around 50% of Data Center revenue now comes from outside the classic hyperscalers (AI clouds, sovereign AI, industrial, enterprise etc.).

For a company that basically just IPO’d, this feels massive. This is not some random hype number anymore,this means AI labs and enterprises are locking in compute years ahead because demand is exploding.

The craziest part is that inference demand is only getting started.

Feels like the market still doesn’t fully understand how important AI infrastructure is becoming.

What do you guys think about buying before earnings?

I keep thinking the next results could actually surprise people because of all the recent deals and AI demand. Especially after the Meta expansion and the Anthropic partnership.

What really makes me curious is that nobody seems to know how big the Anthropic contract actually is. If it turns out to be something massive like $10B+ over the years, that would be pretty crazy for future revenue visibility.

Do you think there’s a real chance these contracts already start showing up in the numbers/guidance now?

Or is the stock already too hyped and fully priced in?

Trying to understand both the bull and bear case before earnings.