$CRWV | Evercore ISI 𝐫𝐞𝐢𝐭𝐞𝐫𝐚𝐭𝐞𝐬 𝐎𝐮𝐭𝐩𝐞𝐫𝐟𝐨𝐫𝐦 on 𝐂𝐨𝐫𝐞𝐖𝐞𝐚𝐯𝐞, maintains 𝐏𝐓 𝐚𝐭 $𝟏𝟓𝟎 Analyst sees market overreaction to unconfirmed $META report, noting CRWV's contracts are non-cancellable and GPU compute demand remains robust.

NVIDIA JUST NEARLY DOUBLED ITS COREWEAVE STAKE Here is every public company NVIDIA owns shares of as of Q1 2026, as per @ralliesai: - Intel $INTC: 214.8M shares - Nokia $NOK: 166.4M shares - CoreWeave $CRWV: 47.2M shares (+94.5%) - Coherent $COHR: 7.8M shares - Synopsys $SNPS: 4.8M shares - Nebius $NBIS: 1.2M shares - Generate Biosciences $GENB: 833K shares NVIDIA roughly doubled its position in one of the hottest AI cloud names on the market.

narrative violation: crypto native founders are building the compute frontier neoclouds @CoreWeave @CrusoeAI @Hut8Corp @TeraWulfInc @togethercompute token markets @OpenRouter @PrimeIntellect @hyperbolic_labs agent / harness @NousResearch @AskVenice more to come 🫶

At @RaiseSummit, @CoreWeave makes the case for AI-native cloud infrastructure, arguing that legacy cloud platforms were built for search and enterprise software—not today's AI workloads.

IMPORTANT: it is important to understand that the CoreWeave & Microsoft photos are still Engineering/Quality Samples, and there is still some time before the software stack bring-up finishes & first production tokens are generated. The VR200 & MI455 rack metric to watch out for is time to first at-scale production token TTF-(ASP)-T. You can clearly see in the CW rack photos that none of the scale-out 800G OSFP cages are even populated.

$NVDA has announced that it is supplying its AI platform 'Vera Rubin' to customers including Google "In CoreWeave operations, megawatts per throughput is 10× higher than NVIDIA Blackwell." "Vera Rubin is a rack-scale AI infrastructure. It is co-designed with 32 NVIDIA Vera CPUs, 72 Rubin GPUs, NVLink 6, and storage. There are no internal cables, fans, or hoses, reducing assembly time from several hours to 1 minute." "Rubin CPU is NVIDIA's first self-designed server CPU. It applies 88 Olympus cores based on the company’s architecture." "Olympus cores deliver 1.8× higher CPU performance compared to x86 architecture-based CPUs. Inter-core bandwidth is 3× higher. Memory latency is 40% lower." "The number of tokens per megawatt is a key indicator for AI infrastructure. The more tokens, the more workloads can be processed with the same power budget and less power." $MU $SKHY $DRAM $TSM