Shares of CoreWeave and Super Micro Computer climbed on Wednesday after upbeat forecasts from the two AI infrastructure companies reinforced demand expectations for computing capacity.
Shares of neocloud provider CoreWeave rose more than 20 per cent, with peer Nebius Group rising 14 per cent as it beat quarterly revenue estimates. Server maker Super Micro’s shares climbed more than 16 per cent.
If gains persist, CoreWeave is on track to add around US$9 billion to its market value, while Super Micro could add around US$3 billion.
CoreWeave raised its forecasts for annual revenue, adjusted operating profit and capital spending, as strong demand for its Nvidia-powered AI infrastructure enabled the company to secure better pricing on new contracts.
Near-term capacity is effectively sold out, enabling CoreWeave to strike compute agreements on increasingly favorable terms, CEO Michael Intrator said.
Its revenue backlog rose to US$104.2 billion in the second quarter from US$99.4 billion three months earlier, excluding over US$25 billion in new commitments secured early this quarter.
J.P. Morgan said pricing gains were driven mainly by “the demand environment and accelerating customer return on investment (ROI).” More than seven brokerages raised their price targets on both CoreWeave and Super Micro stocks.
Shares of Dell were up nearly five per cent. Data center companies Applied Digital and IREN Ltd were also up around five per cent and eight per cent, respectively.
Super Micro forecast 2027 revenue above Wall Street estimates, underscoring resilient customer investment in AI servers, as data-center operators build out the hardware needed for generative-AI workloads.
The company’s fourth-quarter gross margin of 17.5 per cent exceeded both its preliminary estimate of 15 per cent-17 per cent and its initial forecast of 8.2 per cent-8.4 per cent.
CoreWeave stock has risen more than 26 per cent so far this year, while Super Micro has gained 8 per cent.
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Reporting by Akriti Shah and Jaspreet Singh in Bengaluru; Editing by Devika Syamnath
