CoreWeave Gains on Leidos Alliance for Secure Federal AI Infrastructure

CoreWeave, Inc. (NASDAQ:CRWV) shares are trading higher Thursday after the company disclosed a partnership with Leidos Holdings, Inc. (NYSE:LDOS).

This partnership aims to leverage CoreWeave’s AI-native cloud platform alongside Leidos’ extensive experience in delivering mission-critical systems for the U.S. government.

The partnership is expected to accelerate the delivery of AI solutions tailored for defense applications.

Partner On AI For National Security

The collaboration between CoreWeave and Leidos focuses on providing secure AI cloud services to U.S. government agencies, addressing the growing demand for advanced AI technology in national security.

By combining their strengths, the companies aim to create a sovereign AI cloud infrastructure that meets the unique needs of federal agencies.

CRWV Technical Analysis: Oversold Signals And Key Levels

Currently, CoreWeave is trading at $65.97, which is about 16% below its 20-day simple moving average (SMA) of $78.98. The stock has been under pressure, with a 12-month performance down by nearly 41%. The Relative Strength Index (RSI) is at 28.47, indicating that the stock is in oversold territory, suggesting potential for a rebound if buying interest increases. Additionally, the 50-day SMA is at $94.91, and the stock is currently 30.1% below this level, highlighting a significant bearish trend.

• Key Resistance: $78.98 — this level represents the 20-day SMA, which could act as a barrier to upward movement.
• Key Support: $65.00 — a nearby level where buyers previously stepped in, indicating potential support.

CRWV Earnings Preview And Analyst Price Targets

The countdown is on: CoreWeave is set to report earnings on August 11, 2026 (confirmed).

• EPS Estimate: -$1.27 (Down from 27 cents)
• Revenue Estimate: $2.56 billion (Up from $1.21 billion)

Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price forecast of $140.53. Recent analyst moves include:

• Truist Securities: Upgraded to Buy (Lowers Target to $126.00) (July 22)
• Baird: Initiated with Outperform (Target $100.00) (July 22)
• Barclays: Equal-Weight (Lowers Target to $90.00) (July 21)

How CoreWeave Ranks On Momentum Versus The Market

Below is the Benzinga Edge scorecard for CoreWeave, highlighting its strengths and weaknesses compared to the broader market:

• Momentum: Weak (Score: 2.56) — Stock is underperforming the broader market.

The Verdict: CoreWeave’s Benzinga Edge signal reveals a weak profile, indicating challenges in maintaining momentum in the current market environment. Investors should monitor upcoming earnings and analyst actions closely for potential shifts in sentiment.

CRWV Top ETF Holdings And Passive Flow Risk

• iShares Future AI & Tech ETF (NYSE:ARTY): 3.90% Weight
• First Trust Cloud Computing ETF (NASDAQ:SKYY): 3.31% Weight
• Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ): 2.32% Weight

Significance: Because CRWV carries significant weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.

CRWV Stock Rises In Premarket Trading

CRWV Price Action: CoreWeave shares were up 13.04% at $68.75 at the time of publication on Thursday, according to Benzinga Pro data.

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