CoreWeave (CRWV) shares nudged higher on Wednesday after the company announced a multi-year agreement with Solidigm for priority access to enterprise SSD capacity. The deal is part of CoreWeave's broader push to scale its AI cloud platform as customer workloads grow.

Storage Deal Supports AI Infrastructure Growth

The agreement ensures CoreWeave gets priority access to enterprise SSDs, which are critical for storage as it expands its AI cloud platform. The company says this commitment will help storage capacity keep pace with its compute, networking, and software infrastructure. The deal comes at a time when industry-wide supply is tightening.

“This agreement gives us priority access to the storage our roadmap depends on, allowing customers to focus on what they're building instead of the infrastructure underneath it,” said Chief Operating Officer Sachin Jain.

Indonesia Expansion Adds Capacity

This announcement follows CoreWeave's expansion into the Asia-Pacific region through Indonesia, where it plans to add three facilities totaling 360 megawatts of contracted IT power. The facilities are expected to come online in 2028. As of March 31, 2026, CoreWeave operated 49 data centers globally, with more than 1 gigawatt of active power and over 3.5 gigawatts of contracted capacity.

Q2 Earnings Preview and Analyst Price Targets

CoreWeave is scheduled to report earnings on August 11, 2026. Analysts expect a loss of $1.27 per share, compared with earnings of 27 cents per share in the same period last year. Revenue is expected to rise to $2.56 billion from $1.21 billion.

The stock carries a Buy consensus rating with an average price target of $141.05. Recent analyst actions include Rosenblatt maintaining a Buy rating and a $250 price target on August 5. Piper Sandler initiated coverage with an Overweight rating and a $151 price target on August 3. Truist Securities upgraded the stock to Buy and lowered its price target to $126 on July 22.

CRWV ETF Exposure: Funds With The Biggest Weighting

• Renaissance IPO ETF (IPO): 10.26% Weight
• Tradr 2X Long CRWV Daily ETF (CWVX): 188.76% Weight
• Sofi Next 500 ETF (SFYX): 0.97% Weight

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

CRWV Price Action: CoreWeave shares were up 0.21% at $92.19 at the time of publication on Wednesday.