#coreweave Tech News.
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The latest coreweave news, distilled by AI into sharp ~100-word summaries. ByteBrief tracks coreweave across dozens of tech sources and brings you only what matters, updated hourly. Tap any story for the full brief, or open the original source.
CoreWeave and Nebius provide AI cloud capacity with faster growth than AWS Azure and Google Cloud. CoreWeave and Nebius grew at faster rates due to smaller scale and specialized AI infrastructure. Google Cloud achieved 63% growth using TPUs for deep learning workloads. AWS grew revenue 28% in Q1 with 59% of Amazon's operating income.
CoreWeave stock climbed 5% on Friday after news that the company will be added to the Nasdaq-100 index, triggering buying from index-tracking ETFs. The broader market also rose, with the S&P 500 up 0.5% and the Nasdaq Composite up 0.3%. SpaceX's strong IPO debut further boosted growth stock sentiment.
CoreWeave is raising $3.55 billion in US and European debt markets, including the first euro-denominated junk-bond offering by a US AI infrastructure company. The euro tranche is €2 billion with yields between 8.5% and 8.75%, while the dollar portion is $1.25 billion at about 9.75%. JPMorgan is leading the offering.
Applied Digital raised $1.59 billion in junk bonds at 7% yield for a CoreWeave data centre, down from 10% six months ago. CoreWeave's credit default swap spreads fell 49% from their December peak. The bond offering attracted five times its size in demand, signaling repriced risk in AI data centre debt.
Nebius and CoreWeave are AI cloud companies growing faster than Nvidia, which has invested in both. Nebius posted 684% revenue growth in Q1, with analysts projecting 551% growth this year. CoreWeave offers on-demand GPU computing. Both deploy Nvidia hardware, giving Nvidia confidence in their massive orders.
CoreWeave founders have sold $2.3 billion in stock since the lockup period expired in August after a March 2025 IPO, reducing their combined holdings by about 25%. The AI data center operator's stock price has more than doubled since the IPO.
BNP Paribas initiated coverage on CoreWeave with an Outperform rating and a $192 price target, calling it one of the most strategically important firms in AI infrastructure. CoreWeave completed the bring-up of NVIDIA Vera Rubin NVL72 on its cloud, becoming the first AI cloud provider to do so. The stock has an average price target of $140, a 39.
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