CoreWeave Surges 7.9% on $2.68B Volume Ranks 23rd in Market Activity as Lockup Looms

CoreWeave (CRWV) surged 7.90% on August 11, with a trading volume of $2.68 billion, ranking 23rd in market activity. The stock’s performance coincides with heightened investor attention ahead of its Q2 earnings report and the expiration of its IPO lockup period on August 14. The lockup’s end could unlock 83% of Class A shares, potentially increasing float and influencing short-term volatility.

The company, a key player in AI infrastructure with data centers optimized for AI workloads and partnerships with Microsoft and Nvidia, faces scrutiny over its pending $9 billion acquisition of Core Scientific. While the deal initially drove a 225% rally in 2025, recent shareholder resistance and regulatory uncertainties have raised questions about its execution. Analysts note that CoreWeave’s ability to absorb increased float post-lockup hinges on robust demand for its GPU services and execution against revenue guidance.

Analyst ratings remain mixed. Citigroup reiterated a bullish stance, citing potential for a double-digit top-line beat amid inflecting AI demand. Conversely, Morgan Stanley highlighted risks from the lockup expiration, warning of near-term downside despite strong fundamentals. JPMorgan upgraded its rating to “Overweight,” emphasizing a $12 billion AI data center deal with OpenAI as a catalyst. However, the stock’s price-to-sales ratio of over 22x and projected Q2 loss of $0.49 per share underscore valuation challenges.

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