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Price
$111
USD
Day
-5.6%
YTD
—
Point-in-time evaluation
pass
Compute consumer, not constraint owner; only 2.9% to PT after +55% 20d rip into May 13 earnings; reaffirm avoid.
May 4, 03:35 p.m.
Research feed
Latest imported research note for this ticker.
neutralavoidParadisLabs
Imported thesis
AI GPU cloud operator with $99.4B backlog and $21B Meta commitment, but not a constraint owner, net loss widening to $740M in Q1, and $3B+ fresh debt raised June 11 adds leverage risk at a critical moment.
Imported reasoning
Consensus PT $131.88 vs current $95.74 = 1.38x implied upside → low potential. CRWV operates AI compute infrastructure using NVIDIA GPUs as a primary cost input — it uses the scarce asset rather than owning it, placing it downstream of the thesis constraint layer. Net losses widened in Q1 despite $2.078B revenue. The June 11 dual-tranche note issuance ($1.25B USD + EUR 2B) adds significant leverage to an already loss-making business. Social signal from @ParadisLabs is explicitly bearish. 12.2% short float. Avoid until net loss trajectory inflects.
Last imported
Jun 12, 05:33 a.m.
Source report
2026-06-12_premarket.md
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Watchlist notes
Public watchlist context and imported research metadata.
Thesis
AI GPU cloud operator with $99.4B backlog and $21B Meta commitment, but not a constraint owner, net loss widening to $740M in Q1, and $3B+ fresh debt raised June 11 adds leverage risk at a critical moment.
Sleeve
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Consensus PT (USD)
$140
Holdings
No holdings recorded for this ticker.
Smart-money holders
Held by SA-LP — 4.1% of fund (7,177,919 sh, +18% QoQ) as of 2026-03-31
Held by SA-LP — long calls — 1.0% of fund (1,814,500 underlying sh, -70% QoQ) as of 2026-03-31
Social Signal — last 90 days
@ParadisLabs
3 mentions · 0 bullish / 3 bearish
CoreWeave ranks F-tier with significant concerns about financial metrics and forward visibility.
Company has impressive $100B backlog but poor financing structure with junk-grade debt creates execution risk and significant equity dilution.
CRWV's capital structure is unsustainable; the company earns a 4% ROIC while paying 10% on debt, forcing it to destroy shareholder value through heavy capex obligations.
@menhguin
1 mention · 0 bullish / 1 bearish
Bearish on CRWV as heavily exposed to compute capex and OpenAI concentration risks.