CoreWeave stock gets a 240 MW India expansion plan
Published on 10/08/2026 at 02:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
CoreWeave stock (ISIN US21873S1087) closed at USD 88.45 on Nasdaq on October 7, 2026, down 3.57 percent from the prior close. The company announced a planned 240 MW AI data center campus in Navi Mumbai through a collaboration with AdaniConneX, according to CoreWeave on October 7, 2026.
India adds 240 MW of capacity
The Navi Mumbai project will comprise three 80 MW buildings at AdaniConneX's Taloja campus. CoreWeave plans to deploy NVIDIA Vera Rubin infrastructure, while the first phase is scheduled to become available in mid-2028, according to CoreWeave.
The company is planned to be the sole tenant across the three buildings and can add another 240 MW at the campus. That makes the announcement a capacity and geographic expansion story, while the first usable phase remains tied to a 2028 timetable.
Analysts lift the valuation bar
Northland raised its CoreWeave price target to USD 200 from USD 165 and kept an Outperform rating on October 7, 2026, according to Markets Insider. The new target is 126.1 percent above the October 7 closing price of USD 88.45.
Stockanalysis lists a Buy consensus from 42 analysts and an average price target of USD 140.55, which is 58.90 percent above the same closing price. The range of views matters because CoreWeave is still scaling an infrastructure business with substantial capital requirements.
Revenue growth meets heavy investment
CoreWeave reported Q2 2026 revenue of USD 2.58 billion, up 112.5 percent from the year-earlier quarter, while earnings per share were a loss of USD 1.14, according to MarketBeat. The reported growth is substantial, but the negative earnings figure keeps profitability and financing central to the investment case.
CoreWeave's Q2 2026 operating profit was negative USD 49 million, while operating cash flow was USD 679 million. For investors, the contrast between rapid revenue growth and infrastructure spending is the key operating tension behind the valuation.
CoreWeave stock stays below its yearly high
The stock closed at USD 88.45 on Nasdaq on October 7, 2026, with volume of 19,704,178 shares. Its 52-week range was USD 60.55 to USD 153.20, placing the close 42.3 percent below the yearly high.
CoreWeave stock facts
- Company: CoreWeave, Inc.
- ISIN: US21873S1087
- Ticker: CRWV
- Trading venue: Nasdaq
- Price (as of October 7, 2026): Closing price USD 88.45
- Market capitalization: USD 48.3 billion (as of October 7, 2026)
- 52-week range: USD 60.55-153.20 (as of October 7, 2026)
- Sector / Industry: Technology / Software Infrastructure
More news and analyses on CoreWeave stock
