CoreWeave, Inc. (CRWV) research
Equibles Research on CoreWeave, Inc. — analysis and original studies grounded in disclosed primary sources and documented methods.
Texas Data Center Moratorium: Which Stocks Are Exposed, and How Much
We read what nine listed companies have told investors about their Texas capacity, about 18.3 GW held by eight of them. About a fifth is approved or outside ERCOT's Batch Zero study, nearly two-thirds is conditional or still in process, and the rest has no stated status or still needs approval.
Who Is Actually Locked Up After an IPO?
We read the lock-up terms in 440 IPO prospectuses from 2024 to 2026. Six months is still the norm, but the biggest deals now release shares early, in most small Nasdaq IPOs only insiders and the largest holders sign, and on the day a lock-up ends the typical stock doesn't fall.
Who Talks About Neoclouds on Earnings Calls? Evidence From 36,283 Calls
No US-listed company said “neocloud” on an earnings call in 2024; 64 did from July to September 2026. The word belongs to the chip, network, storage and data center suppliers that sell to these AI clouds, and in October it reached bank and asset manager calls as a credit question.
IREN Limited (IREN) Q1 FY27 Earnings Preview and Forecast
We forecast Q1 FY27 revenue of $239.9M for IREN, 8.4% above the $221.3M consensus, because Microsoft's Horizon 1 doubled operating ARR to $1 billion in mid-August. The December quarter looks in line, and funding a $25 to $30 billion capital plan is the bigger question.
Nebius Group (NBIS) Q3 2026 Earnings Preview and Forecast
We forecast Q3 2026 revenue of $934.5M for Nebius Group, 3% above the $904.8M consensus, and full-year revenue of $3.34B at the top of guidance. Any year-end ARR above about $7.9B would lift 2026 revenue past the guided range, and the balance sheet is far stronger than CoreWeave's.
