CoreWeave shares rose about 16% in pre-market trading after the AI infrastructure provider reported second-quarter revenue of $2.575 billion, up 112% from a year earlier, lifted its 2026 outlook and pointed to stronger deal economics as demand for AI computing stayed firm. Wall Street analysts remained broadly constructive, with Wells Fargo, Piper Sandler and Baird raising target prices to $160, $153 and $130 and citing net new active megawatts, strong third-quarter bookings and a broader mix of enterprise AI applications. JPMorgan and Mizuho also nudged their targets up to $120 and $115 but kept neutral ratings, saying second-quarter margin improvement was encouraging even as the near-term scope for additional revenue upside remained uncertain. The results also supported gains in AI infrastructure peers including IREN and Cipher Digital, while CoreWeave's contracted business stood at about $104 billion at June 30 with more than $25 billion of additional customer commitments signed after the quarter.