May 6th, 2026
CoreWeave (CRWV) is the purest public play on the AI hyperscaler boom, and tomorrow’s Q1 earnings report is shaping up to be a major moment for the name. As of today, the stock is trading around $135–$137 after a strong move higher. It’s already up roughly 60% from the post-Q4 earnings lows near $79, and it’s sitting right on a clean technical breakout.
The CoreWeave Trend
Historically, CRWV has followed a very clear pattern: nice run-up into earnings followed by a sharp “sell the news” reaction. Over the last four quarters, it has sold off an average of -14.5% the day after the report. That’s the risk we know going in.
But this time feels different — and materially stronger. The stock has clearly bottomed. We’ve seen higher lows, strong volume on the rebound, and a confirmed breakout above overhead resistance on the daily chart, along with a completed double bottom. It’s holding key moving averages and looks ready for the next leg higher, with measured move targets in the $150–$180 zone.
Adding fuel to the fire is one of the highest short floats in the group — roughly 20% of the float is short with only 1.7–2.3 days to cover. That creates excellent squeeze potential on any positive surprise.
Billions of Dollars of Spend in the AI Infrastructure Buildout
The real game-changer this quarter is the wave of massive new deals announced in April (right after Q1 ended). Management is almost certain to highlight these on the call:
- Meta expanded its partnership with another $21 billion through 2032
- Anthropic signed a major multi-year production deal for Claude model training
- Jane Street committed $6 billion in cloud spend plus a $1 billion equity investment at $109 per share
These are not small wins. They dramatically increase backlog visibility and show hyperscalers and AI labs are still aggressively locking in capacity.
Click on the image to check out my take below on Schwab Network:
Additional AI Infrastructure Tickers
This is the moment when CRWV could actually turn the story around with a strong earnings reversal that becomes a short squeeze. The combination of a technical bottom, confirmed breakout, loaded shorts, and fresh hyperscaler validation gives us our best shot yet at breaking the “sell-the-news” curse. It also ties in beautifully with names like CIFR (the power/data center landlord play) and the broader AI infrastructure trade (MSFT, AMZN, GOOGL, META, NVDA).
I’ve been trading many different tickers recently that have benefited greatly from post-earnings explosions, along with the broader AI infrastructure build-out narrative.
Check out some of the tickers on fire today on my custom watchlist:
Happy Trading!
P.S. We still have a ton of earnings reports this week! Check out https://optionsearnings.com/ to make your own custom watchlist.
