CoreWeave (CRWV) Stock Surges 29% Weekly as Company Expands Bond Offering to $2.75B

Key Highlights

• CoreWeave expanded its high-yield bond issuance by an additional $1 billion, reaching a total of $2.75 billion with a 9.75% interest rate.
• Shares have climbed 29% in the past week and delivered 191% returns over the trailing twelve months.
• Recent momentum stems from a $6 billion computing agreement with Jane Street, accompanied by a $1 billion equity stake.
• The company’s contracted revenue backlog has jumped beyond $90 billion from $66.8 billion recorded at 2025 year-end.
• Cantor Fitzgerald analysts elevated their price objective to $156 while keeping an Overweight recommendation.

CoreWeave experienced a whirlwind week of financial activity. The artificial intelligence cloud infrastructure provider increased its bond issuance by $1 billion on Thursday, elevating the complete size of its 9.75% senior unsecured high-yield notes to $2.75 billion.

CoreWeave, Inc. Class A Common Stock, CRWV

The expansion was driven by a single factor: extraordinary demand. A company representative characterized investor interest as “overwhelming.”

This bond expansion represents just one component of a comprehensive fundraising initiative. Days earlier, CoreWeave finalized a $4 billion convertible senior note transaction — initially planned at $3 billion, increased to $3.5 billion, and ultimately enlarged further when underwriters activated a $500 million overallotment provision.

In March, the firm secured an $8.5 billion delay-draw term loan — marking the inaugural AI infrastructure financing to achieve an investment-grade credit rating. The facility featured an all-in interest rate below 6% and was collateralized by GPU equipment and customer agreements.

This aggressive capital raising directly correlates with signed contracts. CoreWeave’s contracted revenue backlog measured $66.8 billion at 2025’s conclusion. Recent customer agreements have propelled that figure above $90 billion.

Major Customer Agreements Fuel Growth

The week’s most significant announcement involved a $6 billion computing contract with Jane Street. The quantitative trading powerhouse will leverage CoreWeave’s infrastructure across numerous data centers, including systems built on NVIDIA’s Vera Rubin platform. Simultaneously, Jane Street acquired a $1 billion equity position in CoreWeave at $109 per share.

This agreement marked the third substantial contract CoreWeave unveiled in recent weeks. Meta expanded its existing CoreWeave relationship with an additional $21 billion commitment. AI research company Anthropic also joined as a new client.

Cantor Fitzgerald analyst Brett Knoblauch increased his CRWV price objective to $156 from $149 following the Jane Street announcement, maintaining an Overweight stance. He noted the agreements signal expanded backlog, accelerated near-term revenue visibility, and enhanced customer diversification.

Knoblauch stated that CoreWeave possesses sufficient available infrastructure capacity to secure additional contracts in upcoming months, with implementations scaling through late 2025 and into 2027. His projections suggest the backlog could reach $100 billion by the second quarter of 2026.

Evercore ISI similarly increased its price target to $150 from $120, retaining an Outperform rating. Wolfe Research launched coverage with an Outperform designation and a $150 target, highlighting CoreWeave’s competitive positioning in the neocloud infrastructure segment.

Share Price Movement

CRWV has advanced 29% during the past week and has delivered 191% gains over the trailing year. For the current year-to-date period, shares have appreciated approximately 66%.

Notwithstanding these impressive returns, InvestingPro analysis indicates the stock trades above its calculated fair value estimate. Wall Street analysts do not anticipate the company achieving profitability during 2026.

CoreWeave has encountered scrutiny regarding its debt accumulation, though management contends the borrowing is justified by contracted customer demand and supported by committed revenue streams. Revenue expanded 168% over the past twelve months.

Shares were changing hands at $118.69 according to recent market data, with CRWV declining approximately 2% on Thursday amid broader equity market weakness.

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