CoreWeave Lands Major AI Deal With Perplexity

Finviz2026/03/04 13:57

By:Finviz

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

CoreWeave, Inc. (NASDAQ:CRWV) shares are up during Wednesday’s premarket session following a strategic partnership announcement with Perplexity.

The companies have entered a multi-year agreement under which Perplexity will run its AI inference workloads on CoreWeave Cloud. At the same time, the two firms collaborate on testing and launching new AI services.

CoreWeave’s partnership with Perplexity is set to support the latter’s next-generation inference workloads, leveraging dedicated Nvidia Corporation (NASDAQ:NVDA) GB200 NVL72-powered clusters.

The collaboration reflects Perplexity’s multi-cloud strategy and underscores CoreWeave’s role as a specialized AI cloud provider.

Technical Analysis

The stock is currently trading 3.21% above its 20-day simple moving average (SMA) and is positioned 5.5% above its 100-day SMA, indicating a bullish trend in the short to medium term. Over the past 12 months, shares have increased significantly and are currently positioned closer to their 52-week highs than lows.

The RSI is at 44.45, which is considered neutral territory, suggesting that the stock is neither overbought nor oversold. Meanwhile, MACD is at 0.15, below its signal line at 0.22, indicating bearish pressure on the stock. The combination of neutral RSI and bearish MACD suggests mixed momentum.

Key Resistance: $80.00
Key Support: $70.00

Earnings & Analyst Outlook

CoreWeave is slated to provide its next financial update on May 13, 2026.

EPS Estimate: 1 cents (Down from 60 cents)
Revenue Estimate: $1.96 billion (Up from $981.63 million)
Valuation: Forward P/E ratio not available

Analyst Consensus & Recent Actions: The stock carries a Buy Rating with an average price target of $127.04. Recent analyst moves include:

HC Wainwright & Co.: Buy (Maintains Target to $180.00) (Mar. 2)
Macquarie: Neutral (Lowers Target to $90.00) (Feb. 27)
Mizuho: Neutral (Lowers Target to $95.00) (Feb. 27)

CRWV Price Action: CoreWeave shares were up 5.58% at $77.90 during premarket trading on Wednesday, according to Benzinga Pro data.

Image via Shutterstock

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

1. Crypto outperformed traditional equity indexes following the rate hike, but elevated interest rates remain a key constraint on cross-asset allocation. From September 12 to 18, BTC, ETH, and SOL gained 4.83%, 3.84%, and 9.96%, respectively, while the S&P 500 edged down 0.08%. The U.S. Dollar Index rose 1.11%, and the 10-year U.S. Treasury yield closed at approximately 4.998%. Improving risk appetite is therefore coexisting with elevated discount rates, raising the bar for RWA allocation: investors need to compare not only returns on the underlying assets, but also on-chain liquidity and collateral efficiency. 2. Growth in tokenized equities is occurring even as the overall RWA market remains under pressure. As of September 18, Distributed Asset Value across RWAs stood at $38.503 billion, down 1.13% week over week, while tokenized equities reached $3.056 billion, up 6.03%. This week's data are better explained by capital reallocating across different RWA segments than by a broad-based expansion of the entire RWA market. 3. For exchanges, the opportunity lies in connecting spot holdings, collateral, and derivatives. Reality's distributed asset value stands at approximately $155 million, while eligible rTokens can already be used within Bitget's UTA margin framework. Across CoinGlass's verifiable sample of 177 TradFi instruments, open interest reached approximately $11.498 billion, up 2.06% week over week, even as weekly trading volume declined 7.60%. The medium-term opportunity remains intact, but deeper utilization will depend on liquidity, collateral use, and sustained trading activity. 4.Assets to watch: BTC, ETH, SOL, NEAR, ZEC, gold, tokenized U.S. equities, COST. 5.Key metrics to watch: rToken collateral utilization, the durability of TradFi open interest and trading volume, and next week's employment and consumer data.

Bitget•2026/09/21 06:38