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crwv-cerberus-research-report-2026-06-29

AI-Stocks · · 26 min read

CoreWeave (CRWV) Research Report — SanCapital Cerberus (2026-06-29 18:50)

--- PAGE 1 --- CRWV - Research Report CoreWeave, Inc. · Technology / Software - Infrastructure coreweave.com · NasdaqGS / equity INTERNAL Generated: 2026-06-29 18:50 SCORE 48.86/100 VERDICT Monitor for reclaim PRICE 95.38 SETUP Mean Reversion TARGET GAP target gap +50.36% R/R 2.0:1 NEXT EARNINGS 2026-05-07 Catalysts Earnings on 2026-05-07 | Analyst target gap +50.36% Risks No elevated near-term risk flagged. Setup Setup: Mean Reversion | Trigger: Level / Status | Invalid: 78.17 / EMA21 104.99 | Target: 129.80 Executive Summary

  • Score: 48.86/100
  • MONITOR
  • State: Hold / Neutral
  • State: Sideways / High-Vol Range Relative Strength Ratio
  • Data Quality
  • Investment Case
  • Decision Dashboard
  • Report Summary
  • Signal Conflicts Inside Data Quality | Investment Case | Decision Dashboard | Report Summary | Signal Conflicts | Anomaly Watchlist Generated from Cerberus research markdown export.

--- PAGE 2 --- CRWV - Research Report Score: 48.86/100 | Verdict: Monitor for reclaim | Price: 95.38 | Next Earnings: 2026-05-07 INTERNAL CoreWeave, Inc. · Technology / Software - Infrastructure Generated: 2026-06-29 18:50 Executive Summary: score 48.86/100 ; MONITOR ; Hold / Neutral ; Sideways / High-Vol Range ; 1Y -41.51% ; YTD +20.25% ; stop 78.17 / target 129.80 CoreWeave, Inc. operates as a cloud infrastructure technology company in the United States. The company offers CoreWeave Cloud platform that comprises proprietary software and cloud services that deliver the automation and efficiency needed to manage complex artificial intelligence (AI) infrastructure at scale. It also offers data and storage solutions, such as Local Object Transport Accelerator; infrastructure control solutions, including CoreWeave Kubernetes service; mission control services, including node, rack, and fleet lifecycle management; model and agent development tools comprising Weights & Biases, an AI developer platform; and runtime acceleration. In addition, the company offers graphics processing unit compute, CPU compute, networking services, managed services, and virtual and bare metal servers. Its services also include visual effects rendering, machine learning, pixel streaming, and batch processing. The company was formerly known as Atlantic Crypto Corporation and changed its name to CoreWeave, Inc. in December 2019. CoreWeave, Inc. was incorporated in 2017 and is based in Livingston, New Jersey. Data Quality QUALITY SCORE 90.00/100 STATUS OK Investment Case THESIS Hold / Neutral VERDICT MONITOR TIME HORIZON Swing ENTRY / TRIGGER 132.15 STOP / INVALIDATION 78.17 (-18.04%) BASE TARGET 143.41 (50.36%) REWARD / RISK 2.00:1 Cerberus Research PDF Page 2/43

--- PAGE 3 --- CRWV - Research Report Score: 48.86/100 | Verdict: Monitor for reclaim | Price: 95.38 | Next Earnings: 2026-05-07 INTERNAL NEXT CATALYST 2026-05-07 POSITIONING major $-1.65M / retail $-153.31M Investment Insight Lens Insight Read favorable asymmetry Implication setup supports action if trigger clears Watch Next trigger 132.15 and catalyst 2026-05-07 Confidence high Decision Dashboard Lens Read Lens Read Trend 60.00 Momentum 28.87 Risk Adjusted 73.49 Confidence 2.29 Valuation N/A Flows Distribution Macro Regime neutral Event Window 53d ago Relative Context -6.16% vs benchmark Setup Sideways / High-Vol Range Dashboard Insight Lens Insight Read signal stack weak Implication position sizing should stay selective Watch Next flows distribution and event window 53d ago Confidence medium / conflicting signals Report Summary Lens Summary Thesis Hold / Neutral Score / Verdict 48.86 / MONITOR Strongest Evidence Risk Adjusted 73.49 Biggest Drag Drawdown 0.00 Catalyst 2026-05-07 Invalidation 78.17 Flow Backdrop $-1.65M Summary Insight Lens Insight Read summary supports current call Implication thesis still needs cleaner confirmation Watch Next watch catalyst 2026-05-07 and flow follow-through Confidence high Cerberus Research PDF Page 3/43

--- PAGE 4 --- CRWV - Research Report Score: 48.86/100 | Verdict: Monitor for reclaim | Price: 95.38 | Next Earnings: 2026-05-07 INTERNAL Signal Conflicts Conflict Why It Matters trend strong but momentum weak setup needs extra confirmation before conviction should rise street upside exists while short pressure remains elevated setup needs extra confirmation before conviction should rise Conflict Insight Lens Insight Read signals not fully aligned Implication contradictions reduce sizing confidence even if the headline score looks fine Watch Next watch whether price, relative strength, and flow start confirming each other Confidence medium / conflicting signals Anomaly Watchlist Anomaly Action short ratio moved materially vs 20D average treat as exception path until it normalizes or confirms the thesis volatility stability unusually weak treat as exception path until it normalizes or confirms the thesis Anomaly Insight Lens Insight Read outlier conditions active Implication tail events can dominate normal signal interpretation Watch Next watch whether the anomaly fades, persists, or starts moving price Confidence high Conviction Gradecard Pillar Weight Score Trend 35% 60.00 Momentum 30% 28.87 Risk-Adjusted 20% 73.49 Valuation 15% 50.00 Composite 100% 51.86 (C / Neutral) Technical Visual Summary Momentum 29 Trend 60 RiskAdj 73 VolStab 10 Cerberus Research PDF Page 4/43

--- PAGE 5 --- CRWV - Research Report Score: 48.86/100 | Verdict: Monitor for reclaim | Price: 95.38 | Next Earnings: 2026-05-07 INTERNAL Price Snapshot Snapshot PRICE $95.38 MARKET CAP $52.04B 52W HIGH $173.35 52W LOW $63.80 TRAILING P/E

FORWARD P/E -97.82 EPS (TTM) -2.72 SHARES OUT 447.57M FLOAT 313.60M FLOAT % 70.07% Returns 1Y YTD MTD WTD 1D -41.51% +20.25% -23.59% +0.00% -1.24% Setup / Risk Dashboard CURRENT PRICE 95.38 PRIMARY TRIGGER 132.15 STOP 78.17 TARGET 1 129.80 TARGET 2 303.00 REWARD / RISK 2.00:1 ATR(14) 8.61 EXPECTED MOVE BAND 9.02% Setup Insight Lens Insight Read risk map actionable Implication trade can be planned before entry Watch Next break 132.15 with stop held above 78.17 Confidence high Catalyst Summary Card NEXT EARNINGS 2026-05-07 Cerberus Research PDF Page 5/43

--- PAGE 6 --- CRWV - Research Report Score: 48.86/100 | Verdict: Monitor for reclaim | Price: 95.38 | Next Earnings: 2026-05-07 INTERNAL EARNINGS COUNTDOWN 53d ago EXPECTED MOVE PROXY 9.02% LATEST DIVIDEND / SPLIT N/A / N/A TOP CATALYSTS Earnings on 2026-05-07 ; Analyst target gap +50.36% ; Technical posture Sideways / High-Vol Range TOP RISKS No elevated near-term risk flagged. Scenario Analysis Scenario Trigger Path Fail Condition Probability Bull break > 132.15 target 143.41 (+50.36%) lose 78.17 21% Base hold > 95.38 target 105.71 (+10.83%) fail to reach 129.80 44% Bear lose 78.17 path 82.47 (-13.53%) reclaim 132.15 35% Key Reasons Side Detail Reasons To Be Long target gap +50.4% Reasons Not To Be Long momentum score only 29 Reasons Not To Be Long signal confidence 2% Reasons Not To Be Long 5D major flow $-1.65M What Changes The Call Hold / Neutral breaks if stop fails or catalyst path deteriorates Price Chart - Candlestick + SMA + Volume + RSI (1Y) Cerberus Research PDF Page 6/43

--- PAGE 7 --- CRWV - Research Report Score: 48.86/100 | Verdict: Monitor for reclaim | Price: 95.38 | Next Earnings: 2026-05-07 INTERNAL Price Chart - Candlestick + SMA + Volume + RSI (1Y) Chart Read: Shows the primary price trend, participation, and momentum backdrop. Read: setup offers about 36.1% upside versus 22.0% stop distance. Why it matters: combines trend, participation, and execution levels in one view. Source: local market data · As-of: 2026-06-26 Risk Map and Execution Levels Chart Read: Maps trigger, stop, and target levels into one execution view. Read: payoff skew is favorable if trigger quality holds. Why it matters: makes trigger, invalidation, and target explicit. Source: technical indicators · As-of: 2026-06-26 Cerberus Research PDF Page 7/43

--- PAGE 8 --- CRWV - Research Report Score: 48.86/100 | Verdict: Monitor for reclaim | Price: 95.38 | Next Earnings: 2026-05-07 INTERNAL Catalyst and Event Timeline Chart Read: Shows when key corporate events and headline catalysts occurred or are upcoming. Read: next event window centers on 2026-05-07. Why it matters: timing of catalysts drives path dependence for the setup. Source: SEC events + earnings + news · As-of: 2026-06-18 Score Mix Breakdown Chart Read: Shows which technical sub-scores are carrying conviction and which remain weak. Why it matters: shows which score drivers are carrying or dragging conviction. Source: technical scoring · As-of: 2026-06-26 Relative Strength / Benchmark Context 1Y RETURN (SYMBOL) -41.51 YTD RETURN (SYMBOL) 20.25 BETA VS MARKET N/A Cerberus Research PDF Page 8/43

--- PAGE 9 --- CRWV - Research Report Score: 48.86/100 | Verdict: Monitor for reclaim | Price: 95.38 | Next Earnings: 2026-05-07 INTERNAL PRIMARY BENCHMARK QQQ BENCHMARK-RELATIVE RETURN (6M) 9.07% SECTOR/PEER BENCHMARK XLK INDEX MEMBERSHIP nasdaq100 EXCHANGE / TYPE NMS / EQUITY INTERPRETATION inline Horizon Symbol Benchmark Spread 1M -7.38% -3.04% -4.34% 3M 29.10% 25.72% 3.38% 6M 26.38% 13.39% 12.99% 1Y -38.90% 29.83% -68.73% PRIMARY BENCHMARK SPY 6M RELATIVE RETURN VS SPY -6.16% SECTOR BENCHMARK QQQ 6M RELATIVE RETURN VS SECTOR 9.07% PEER RANK 2/7 PEER PERCENTILE 83.33% BREADTH (PEERS POSITIVE 1Y) 3/6 BREADTH (PEERS POSITIVE 6M REL) 1/6 MA PARTICIPATION 0/4 above INDEX MEMBERSHIP nasdaq100 INTERPRETATION lagging primary benchmark; leading sector peer benchmark; top-tier peer momentum; above 0/4 key MAs Cerberus Research PDF Page 9/43

--- PAGE 10 --- CRWV - Research Report Score: 48.86/100 | Verdict: Monitor for reclaim | Price: 95.38 | Next Earnings: 2026-05-07 INTERNAL PEER READ clean LEADERSHIP Leader CROWDING Crowded POSTURE Balanced PRIMARY RELATIVE -6.16% SECTOR RELATIVE 9.07% PEER PERCENTILE 83.33% CONCLUSION leader; vs primary benchmark negative; sector leadership confirmed; crowded positioning Relative Strength Insight Lens Insight Read relative leadership absent Implication benchmark or peers may offer cleaner exposure Watch Next relative ratio and breadth must stay aligned Confidence high Relative Strength Ratio Chart Read: Shows whether the symbol is gaining or losing relative momentum versus its benchmark. Cerberus Research PDF Page 10/43

--- PAGE 11 --- CRWV - Research Report Score: 48.86/100 | Verdict: Monitor for reclaim | Price: 95.38 | Next Earnings: 2026-05-07 INTERNAL Read: lagging SPY by 6.2%. Why it matters: confirms whether the symbol is actually outperforming its benchmark set. Source: local market data vs benchmark · As-of: 2026-06-26 Breadth and Leadership Context Chart Read: Shows how broadly supported the move is across peers and moving-average participation. Why it matters: tests whether leadership is broad or narrow versus peers. Source: peer snapshot / local market data · As-of: 2026-06-26 Peer Allocation View Peer cut vs SPY using local index/sector mapping. Lens Subject Peer Median Verdict 6M Relative Return -6.16% -17.85% Leader 1Y Return -41.51% -7.94% Laggard Net Margin -25.57% 23.21% Laggard Operating Margin -6.93% 31.47% Laggard 5D Major Flow $-1.65M $-94.45M Leader Panel Verdict leader / laggard / laggard 6 peers QQQ Benchmark-relative context vs QQQ using local sector/index peers. Symbol 1Y Return 6M Rel Net Margin Op Margin 5D Major Flow ADI 64.78% 26.45% 25.16% 31.47% $-463.11M ABNB 8.85% -6.96% 19.19% 19.45% $-23.62M AAPL 41.61% -9.64% 26.98% 32.53% $24.99B ADP -24.74% -26.05% 21.27% N/A% $-203.96M ADSK -35.64% -47.57% 18.08% 23.50% $-165.29M ADBE -47.34% -55.95% 28.40% 35.93% $23.43M Peer Relative Performance (1Y, Base=100) Cerberus Research PDF Page 11/43

--- PAGE 12 --- CRWV - Research Report Score: 48.86/100 | Verdict: Monitor for reclaim | Price: 95.38 | Next Earnings: 2026-05-07 INTERNAL Peer Relative Performance (1Y, Base=100) Read: relative performance sits near the 83th peer percentile. Why it matters: frames the allocation decision versus comparable alternatives. Source: peer snapshot / local market data · As-of: 2026-06-26 Peer Margin vs Return Why it matters: shows whether performance is supported by better economics. Source: peer snapshot fundamentals · As-of: 2026-06-05 Peer 5D Major Flow Cerberus Research PDF Page 12/43

--- PAGE 13 --- CRWV - Research Report Score: 48.86/100 | Verdict: Monitor for reclaim | Price: 95.38 | Next Earnings: 2026-05-07 INTERNAL Peer 5D Major Flow Why it matters: highlights where institutional flow is concentrating inside the peer set. Source: peer snapshot flows · As-of: 2026-06-26 Flow / Positioning Dashboard AS OF 2026-06-26 MAJOR NET FLOW $-54.34M RETAIL NET FLOW $-17.58M MEDIUM NET FLOW $-15.05M SMALL NET FLOW $-2.53M 5D MAJOR NET FLOW $-1.65M 5D RETAIL NET FLOW $-153.31M MAJOR INFLOW RATIO 0.16 MAJOR OUTFLOW RATIO 0.24 RETAIL INFLOW RATIO 0.29 RETAIL OUTFLOW RATIO 0.31 MAJOR DAILY Z-SCORE (20D) -0.39 Cerberus Research PDF Page 13/43

--- PAGE 14 --- CRWV - Research Report Score: 48.86/100 | Verdict: Monitor for reclaim | Price: 95.38 | Next Earnings: 2026-05-07 INTERNAL RETAIL DAILY Z-SCORE (20D) N/A SOURCE cerberus_data FLOW TREND Broad distribution Peer 5D Major Flow AAPL $24.99B ADBE $23.43M ABNB $-23.62M Flow Insight Lens Insight Read flows deteriorating Implication price strength needs confirmation from institutional flow Watch Next watch for price/major-flow divergence to widen or close Confidence high Major and Retail Flow Trend Chart Read: Shows whether institutional and retail flows are confirming or fighting the tape. Read: institutional flow deteriorating. Why it matters: shows whether positioning is confirming or fading the tape. Source: stock_flows · As-of: 2026-06-26 Cerberus Research PDF Page 14/43

--- PAGE 15 --- CRWV - Research Report Score: 48.86/100 | Verdict: Monitor for reclaim | Price: 95.38 | Next Earnings: 2026-05-07 INTERNAL Macro / Liquidity / Positioning Dashboard STATE neutral OVERALL SCORE -0.05 AS OF 2026-06-26T00:00:00Z Component Score Liquidity 0.50 Volatility -0.33 Breadth -1.00 Crowding 0.25 Rates 0.50 Macro Revision -0.20 Neutral tape; prioritize selectivity and benchmark-relative confirmation. AS OF 2026-06-26 TAPE STATE Defensive TOTAL PUT/CALL 1.12 EQUITY PUT/CALL 0.85 INDEX PUT/CALL 1.19 SKEW 139.40 VIX3M CLOSE 20.13 SPOTVOL CLOSE 12.81 VOL TERM PREMIUM 7.32 defensive hedging elevated; forward vol above spot AS OF 2026-06-26 NET LIQUIDITY $5.81K Cerberus Research PDF Page 15/43

--- PAGE 16 --- CRWV - Research Report Score: 48.86/100 | Verdict: Monitor for reclaim | Price: 95.38 | Next Earnings: 2026-05-07 INTERNAL CREDIT SPREAD 0.76 HY SPREAD 2.78 YIELD CURVE 0.31 FINANCIAL STRESS -0.96 NFCI -0.52 10Y TERM PREMIUM 0.75 INTERPRETATION net liquidity positive NAAIM AS OF 2026-06-24 NAAIM EXPOSURE 98.59 NAAIM RANGE 0.20 / 200.00 NAAIM QUARTILES 85.50 / 99.00 / 100.00 NAAIM DISPERSION 43.91 DIX/GEX AS OF 2026-06-26 DIX 0.44 GEX $-4.68B DIX Z-SCORE (20D) 0.02 GEX Z-SCORE (20D) -3.06 READ Crowded long Cerberus Research PDF Page 16/43

--- PAGE 17 --- CRWV - Research Report Score: 48.86/100 | Verdict: Monitor for reclaim | Price: 95.38 | Next Earnings: 2026-05-07 INTERNAL Macro Insight Lens Insight Read macro backdrop mixed Implication macro should not be the only driver Watch Next watch regime state, liquidity stress, and sentiment crowding together Confidence high Macro and Tape Overlay Why it matters: macro positioning can amplify or cap setup follow-through. Source: CBOE local datasets · As-of: 2026-06-26 Market Regime Panel Cerberus Research PDF Page 17/43

--- PAGE 18 --- CRWV - Research Report Score: 48.86/100 | Verdict: Monitor for reclaim | Price: 95.38 | Next Earnings: 2026-05-07 INTERNAL Chart Read: Summarizes the macro regime drivers supporting or pressuring risk appetite. Why it matters: regime alignment changes expected payoff and sizing discipline. Source: regime dataset · As-of: 2026-06-26 Relative Performance vs Benchmarks (6M) Read: lagging SPY by 6.2%. Why it matters: keeps the call honest versus the benchmark and sector tape. Source: local market data · As-of: 2026-06-26 Technical Overview SCORE 48.86/100 VERDICT MONITOR REGIME High-Vol Range ADVICE Hold / Neutral TREND Sideways CONFIDENCE 2.29% Price vs Moving Averages Period Position Level SMA 20 Below SMA $106.08 SMA 50 Below SMA $110.35 SMA 200 Below SMA $100.55 VWAP Below SMA $103.08 Supertrend(10,3) Below SMA $119.58 Multi-Timeframe Heatmap Cerberus Research PDF Page 18/43

--- PAGE 19 --- CRWV - Research Report Score: 48.86/100 | Verdict: Monitor for reclaim | Price: 95.38 | Next Earnings: 2026-05-07 INTERNAL Multi-Timeframe Heatmap Chart Read: Shows alignment or conflict across short and longer timeframes. Why it matters: higher timeframe alignment improves follow-through odds. Source: technical indicators · As-of: 2026-06-26 Technical Scorecard Setup Classification PRIMARY SETUP Mean Reversion REASON mean-rev 71, BB pos 20 TREND / REGIME Sideways / High-Vol Range VERDICT / ADVICE MONITOR / Hold / Neutral STRUCTURE STAGE Stage 2 / Markup TREND STACK Bear stack VALUE POSTURE 2/4 above VCP / VOLATILITY STATE 12.2 / Normal Execution Card TRIGGER

132.15 or reclaim 102.20 Cerberus Research PDF Page 19/43

--- PAGE 20 --- CRWV - Research Report Score: 48.86/100 | Verdict: Monitor for reclaim | Price: 95.38 | Next Earnings: 2026-05-07 INTERNAL INVALIDATION <78.17 / EMA21 104.99 TARGET 129.80 REWARD / RISK 2.0:1 TIMEFRAME BIAS Bear / selected N/A Watch Conditions Trigger Level / Status Donchian Breakout

132.15 VWAP Posture -7.5% EMA9 Reclaim/Hold 102.20 EMA21 Reclaim/Hold 104.99 Target 129.80 Volume Confirmation 35.6 Compression Flags NR7 No / Inside No / TTM Off Invalidation Logic Check Threshold ATR Stop <78.17 Donchian Lower <89.56 Supertrend <119.58 EMA21 <104.99 Current Drawdown -48.0% Risk / Reward 2.0:1 Timeframe Agreement Interval Trend Regime Price vs VWAP 15m Mixed Range -12.0% 1h Bear Trend-Down -12.8% 4h Mixed High-Vol Range -12.8% 1d Bear High-Vol Range -7.3% Consensus 0.00% Bear N/A Regime / Driver Breakdown Driver Value Final Score 48.9 Confidence 2.3 Momentum 28.9 Trend 60.0 Risk Adjusted 73.5 Vol Stability 9.8 Drawdown 0.0 Volume Confirmation 35.6 ATR Percentile 42.9 Vol Clustering -0.085 Gap Fill Prob 83.1% Cerberus Research PDF Page 20/43

--- PAGE 21 --- CRWV - Research Report Score: 48.86/100 | Verdict: Monitor for reclaim | Price: 95.38 | Next Earnings: 2026-05-07 INTERNAL Technical Insight Lens Insight Read technicals aligned Implication setup should be treated as tactical until more alignment appears Watch Next mean reversion trigger, MTF bias Bear, and volume confirmation Confidence medium / conflicting signals Market Structure Deep Dive Support / Resistance Clusters Side Cluster Resistance 96.06 (+0.7%) x4 [R1, Fib R2, Fib R1, Pivot] Support 94.30 (-1.1%) x4 [Fib S1, Fib S2, S1, S2] Distance Matrix Level Value Distance VWAP 103.08 -7.5% EMA9 102.20 -6.7% EMA21 104.99 -9.2% SMA50 110.35 -13.6% SMA200 100.55 -5.1% Pivot 96.06 -0.7% R1 98.61 -3.3% S1 94.02 +1.4% Donchian Upper 132.15 -27.8% Donchian Lower 89.56 +6.5% Stop 78.17 +22.0% Target 129.80 -26.5% Candle / Bar Anatomy O / H / L / C 98.41 / 98.47 / 89.56 / 95.38 BODY / UPPER WICK / LOWER WICK 34 / 1 / 65 RANGE / ATR 8.91 / 1.04x CLOSING RANGE 65.3% STREAK -6 Historical Behavior Near Key MAs MA Behavior DMA20 avg -3.8% DMA50 avg -4.5% Cerberus Research PDF Page 21/43

--- PAGE 22 --- CRWV - Research Report Score: 48.86/100 | Verdict: Monitor for reclaim | Price: 95.38 | Next Earnings: 2026-05-07 INTERNAL MA Behavior DMA200 avg +5.6% Compression / Expansion Flag Value VCP Score 12.2 Volatility State Normal TTM Squeeze Off NR7 / Inside Bar No / No ATR Percentile / Vol Clustering 42.9 / -0.085 Support and Resistance Confluence Chart Read: Shows where multiple technical levels cluster into stronger support or resistance. Why it matters: clustered levels tend to matter more than isolated ones. Source: technical indicators · As-of: 2026-06-26 Volatility Regime Panel Cerberus Research PDF Page 22/43

--- PAGE 23 --- CRWV - Research Report Score: 48.86/100 | Verdict: Monitor for reclaim | Price: 95.38 | Next Earnings: 2026-05-07 INTERNAL Volatility Regime Panel Chart Read: Shows whether realized and implied volatility conditions favor expansion or compression. Read: ATR is running near 9.0% of spot, so wider stops may be necessary. Why it matters: vol state affects breakout odds and stop placement. Source: technical indicators · As-of: 2026-06-26 Confidence Decomposition Driver Value Strong: VWAP 82.30 Strong: Bollinger 79.52 Strong: Risk Adjusted 73.49 Weak: Drawdown 0.00 Weak: Vol Stability 9.78 Weak: Trend Strength 23.87 Read Support led by VWAP, Bollinger, Risk Adjusted; drag from Drawdown, Vol Stability, Trend Strength Volume At Price Profile (1Y) Cerberus Research PDF Page 23/43

--- PAGE 24 --- CRWV - Research Report Score: 48.86/100 | Verdict: Monitor for reclaim | Price: 95.38 | Next Earnings: 2026-05-07 INTERNAL Volume At Price Profile (1Y) Chart Read: Shows where the market transacted most and where supply-demand memory likely sits. Cerberus Research PDF Page 24/43

--- PAGE 25 --- CRWV - Research Report Score: 48.86/100 | Verdict: Monitor for reclaim | Price: 95.38 | Next Earnings: 2026-05-07 INTERNAL Why it matters: identifies where supply-demand memory should matter most. Source: local market data · As-of: 2026-06-26 Technical Indicators Indicator Value Indicator Value RSI(14) 40.72 Stoch K/D 20.29/26.65 MACD -2.23 MACD Signal -0.98 MACD Hist -1.26 Williams %R -82.06 ADX(14) 11.94 CCI(20) -102.42 ATR(14) 8.61 NATR(14)% 9.02% BB Upper 124.21 BB Lower 87.95 BB Position 20.48% Z-Score -1.18 ROC(21)% -10.74% ROC(63)% +27.50% SAR 121.43 ER(10) 0.12 OBV Ratio -0.13 52W Pos% 30.63% Pattern Signals Signal Status NR7

Inside Bar

Bull Pin Bar

Bear Pin Bar

Closing Range% 65.32% Streak (bars) -6 Market Structure WEINSTEIN STAGE Stage 2 (Uptrend) VCP SCORE 12.22 TTM SQUEEZE

Risk Levels (ATR-based) Level Price Note Stop Loss $78.17 2x ATR below entry Target $129.80 4x ATR above entry Risk/Reward 2.00:1 - Risk & Quantitative Metrics Metric 21D 63D Realized Vol (Ann) 0.85% 0.85% Sharpe Ratio -1.19 1.57 Sortino Ratio -2.66 3.16 Calmar -4.28 4.31 Cerberus Research PDF Page 25/43

--- PAGE 26 --- CRWV - Research Report Score: 48.86/100 | Verdict: Monitor for reclaim | Price: 95.38 | Next Earnings: 2026-05-07 INTERNAL CURRENT DRAWDOWN -48.04% MAX DRAWDOWN (2Y) -64.84% CVAR 95% -8.26% KELLY FRACTION 0.12 HURST EXPONENT 1.00 SKEWNESS 1.23 KURTOSIS 1.15 VOL CLUSTERING -0.09 GAP FILL PROB% 83.11% MONTHLY WIN RATE% 50.00% MTF CONSENSUS% 0.00% Score Breakdown Component Score Momentum 28.87 Trend 60.00 Mean Reversion 71.25 Bollinger 79.52 VWAP 82.30 Trend Strength 23.87 Vol Stability 9.78 Risk-Adjusted 73.49 Drawdown 0.00 Volume 35.57 Drawdown from ATH (2Y) Cerberus Research PDF Page 26/43

--- PAGE 27 --- CRWV - Research Report Score: 48.86/100 | Verdict: Monitor for reclaim | Price: 95.38 | Next Earnings: 2026-05-07 INTERNAL Drawdown from ATH (2Y) Chart Read: Shows how deep the current drawdown is relative to prior extremes. Why it matters: places current risk in the context of prior downside extremes. Source: local market data · As-of: 2026-06-26 63-Day Rolling Sharpe Ratio (2Y) Chart Read: Shows whether returns have recently been efficient or unstable on a risk-adjusted basis. Why it matters: shows whether recent returns have been efficient or unstable. Source: yfinance daily bars · As-of: 2026-06-26 Fundamental Analysis FALLBACK SEC point-in-time facts primary. As-of 2026-06-05 · Run 20260620T143339Z. Missing fields fall back to yfinance. Primary sources: SEC companyfacts, local actions, yfinance fallback. Derived fields are labeled. Cerberus Research PDF Page 27/43

--- PAGE 28 --- CRWV - Research Report Score: 48.86/100 | Verdict: Monitor for reclaim | Price: 95.38 | Next Earnings: 2026-05-07 INTERNAL Issuer Profile WEBSITE coreweave.com SEC PROFILE CIK LISTING NasdaqGS / equity COUNTRY United States DOMICILE / LISTING United States / United States EMPLOYEES 2.19K ETF / ADR / REIT False / False / False Filing Quality LATEST PERIOD END 2026-06-05 LATEST FILED 2026-06-05 LATEST FORM S-3ASR FILING LAG DAYS 0.00 CADENCE other filing cadence Valuation TRAILING P/E

FORWARD P/E -97.82 PEG RATIO

P/S RATIO 8.36 EV/EBITDA 28.30 PRICE/BOOK 10.66 MARKET CAP $52.04B ENTERPRISE VALUE $85.57B Cerberus Research PDF Page 28/43

--- PAGE 29 --- CRWV - Research Report Score: 48.86/100 | Verdict: Monitor for reclaim | Price: 95.38 | Next Earnings: 2026-05-07 INTERNAL Profitability & Margins GROSS MARGIN 69.38% OP MARGIN -6.93% NET MARGIN -25.57% ROE -40.67% ROA -0.22% EBITDA $3.02B R&D INTENSITY 5.57% GROSS PROFIT $4.32B Income Statement (TTM) REVENUE $6.23B OPERATING INCOME $-99.94M NET INCOME $-1.59B EBITDA $3.02B Most Recent Quarter Q REVENUE $2.08B Q OP INCOME $-144.00M Q NET INCOME $-740.00M Q OP CASH FLOW $2.98B Point-in-Time Trend Snapshot Metric 2026-03-31 2025-12-31 2025-09-30 2025-06-30 Revenue $2.08B $1.57B $1.36B $1.21B Net Income $-740.00M $-451.73M $-110.12M $-290.51M Operating Income $-144.00M $-89.59M $51.85M $19.21M Operating Cash Flow $2.98B $1.56B $1.69B $-251.08M Local Point-in-Time Trend Table Metric 2025-03-31 2025-06-30 2025-09-30 2026-03-31 Revenue $982.00M $1.21B $1.36B $2.08B Operating Income $-27.00M $19.21M $51.85M $-144.00M Net Income $-315.00M $-290.51M $-110.12M $-740.00M Cerberus Research PDF Page 29/43

--- PAGE 30 --- CRWV - Research Report Score: 48.86/100 | Verdict: Monitor for reclaim | Price: 95.38 | Next Earnings: 2026-05-07 INTERNAL Metric 2025-03-31 2025-06-30 2025-09-30 2026-03-31 Op Cash Flow $2.04B $61.00M $2.98B Fundamental Score Summary GROWTH SCORE 80.00 QUALITY SCORE 22.22 RESILIENCE SCORE 23.15 CAPITAL ALLOCATION SCORE 50.00 OVERALL FUNDAMENTAL SCORE 43.84 OVERALL POSTURE Balanced Margin Trend / Growth Regime GROWTH REGIME Accelerating REVENUE TREND expanding +52.27% GROSS MARGIN TREND insufficient history OPERATING MARGIN TREND compressing -282.39% NET MARGIN TREND expanding +341.30% Balance Sheet & Resilience TOTAL ASSETS $55.57B TOTAL LIABILITIES $50.81B STOCKHOLDERS EQUITY $4.76B CASH & EQUIVALENTS $2.24B TOTAL DEBT $35.15B Cerberus Research PDF Page 30/43

--- PAGE 31 --- CRWV - Research Report Score: 48.86/100 | Verdict: Monitor for reclaim | Price: 95.38 | Next Earnings: 2026-05-07 INTERNAL NET DEBT $32.90B STRESS READ Levered NET DEBT / EBITDA 10.88 CURRENT / QUICK RATIO 0.32 / 0.25 DEBT / EQUITY 738.54 Cash Flow & Conversion OPERATING CASH FLOW $5.98B CAPITAL EXPENDITURES (DERIVED) $14.54B FREE CASH FLOW $-8.56B OCF / NET INCOME -3.75 FCF / NET INCOME 5.37 CAPEX INTENSITY (DERIVED) 233.52% EARNINGS QUALITY Low-quality earnings risk Ownership & Short Interest INSIDER HOLDING 18.55% INST. HOLDING 57.42% SHORT % FLOAT 22.99% SHORT RATIO (DTC) 2.46 SHARES SHORT 69.01M

Growth & Yield REVENUE GROWTH 111.60% EARNINGS GROWTH

FCF YIELD -16.45% PAYOUT RATIO 0.00% Cerberus Research PDF Page 31/43

--- PAGE 32 --- CRWV - Research Report Score: 48.86/100 | Verdict: Monitor for reclaim | Price: 95.38 | Next Earnings: 2026-05-07 INTERNAL EPS FWD -0.98

Capital Returns & Share Count PAYOUT RATIO 0.00% DIVIDEND CADENCE no recent dividend record SHARES OUTSTANDING 447.57M SHARE COUNT TREND insufficient history YIELD DECOMPOSITION dividend N/A + buyback N/A% BUYBACK / DILUTION REGIME Stable Valuation Context TRAILING P/E CONTEXT insufficient coverage FORWARD P/E CONTEXT cheap EV / EBITDA CONTEXT rich FCF YIELD CONTEXT thin OVERALL VALUATION POSTURE Richly priced COVERAGE NOTE peer/sector valuation history unavailable in current snapshot Sector-Relative Fundamentals NET MARGIN PERCENTILE 0.00% OPERATING MARGIN PERCENTILE 0.00% FUNDAMENTAL MOMENTUM SCORE 43.84 RELATIVE READ laggard Cerberus Research PDF Page 32/43

--- PAGE 33 --- CRWV - Research Report Score: 48.86/100 | Verdict: Monitor for reclaim | Price: 95.38 | Next Earnings: 2026-05-07 INTERNAL Fundamentals Insight Lens Insight Read balanced Implication valuation needs more help from execution Watch Next watch growth regime, cash conversion, and share-count drift together Confidence high Valuation History Context Metric Current Hist Median Hist Percentile Trailing P/E N/A N/A N/A% Forward P/E -97.82 N/A N/A% EV / EBITDA 28.30 N/A N/A% Price / Sales 8.36 N/A N/A% FCF Yield % -16.45 N/A N/A% Valuation Insight Lens Insight Read valuation context limited Implication valuation alone is unlikely to drive the next move Watch Next watch whether valuation premium/discount widens as score and fundamentals change Confidence low Fundamental Quality Panel QUALITY SCORE 24.52 VERDICT Fragile REVENUE / EARNINGS GROWTH 111.60% / N/A GROSS / OP / NET MARGIN 69.38% / -6.93% / -25.57% FCF YIELD -16.45% LIQUIDITY 0.32 / 0.25 DEBT / EQUITY 738.54 LATEST FILING / LAG S-3ASR / 0.00d Cerberus Research PDF Page 33/43

--- PAGE 34 --- CRWV - Research Report Score: 48.86/100 | Verdict: Monitor for reclaim | Price: 95.38 | Next Earnings: 2026-05-07 INTERNAL Fundamental Quality Insight Lens Insight Read fundamental quality fragile Implication balance sheet and cash conversion need tighter scrutiny Watch Next watch growth, FCF yield, and leverage move in the same direction Confidence high Earnings & Revenue Next Earnings Next Date EPS Estimate Revenue Estimate 2026-05-07 -1.04 $2.56B EPS Surprise History (Last 8 Quarters) Date EPS Estimate Reported EPS Surprise 2026-08-12 -1.26 N/A DOWN N/A% 2026-05-07 -0.91 -1.12 DOWN -22.36% 2026-02-26 -0.68 -0.89 DOWN -29.96% 2025-11-10 -0.48 -0.22 OK 54.37% 2025-08-12 -0.49 -0.60 DOWN -21.68% 2025-05-14 -0.22 -1.40 DOWN -538.37% Annual Revenue & Net Income Year Revenue Net Income Net Margin 2025 $5.13B $-1.17B -22.74% 2024 $1.92B $-863.00M -45.07% 2023 $229.00M $-594.00M -259.39% 2022 $15.83M $-31.05M -196.18% Share Buybacks (Annual) Year Repurchases 2025 N/A 2024 $-1.47M 2023 $-32.05M 2022 $0.00 Earnings Reaction Cerberus Research PDF Page 34/43

--- PAGE 35 --- CRWV - Research Report Score: 48.86/100 | Verdict: Monitor for reclaim | Price: 95.38 | Next Earnings: 2026-05-07 INTERNAL Earnings Reaction Chart Read: Shows how the stock has typically moved around earnings events. Why it matters: event reaction history sets expectations into the next print. Source: earnings history · As-of: 2025-05-14 EPS Surprise History Chart Read: Shows whether earnings have tended to beat or miss expectations. Why it matters: surprise consistency helps separate narrative from execution. Source: earnings history · As-of: 2025-05-14 Annual Revenue & Net Income Trend Cerberus Research PDF Page 35/43

--- PAGE 36 --- CRWV - Research Report Score: 48.86/100 | Verdict: Monitor for reclaim | Price: 95.38 | Next Earnings: 2026-05-07 INTERNAL Annual Revenue & Net Income Trend Chart Read: Shows the slope and consistency of top-line growth and profitability. Why it matters: slope and consistency matter more than one quarter in isolation. Source: annual revenue history · As-of: 1970-01-01 Options Snapshot NEAREST EXPIRY 2026-07-02 ATM IV (CALLS) 94.64% ATM IV (PUTS) 78.21% PUT/CALL RATIO 0.62 TOTAL CALL OI 42.06K TOTAL PUT OI 58.38K Analyst Consensus RECOMMENDATION BUY ANALYST COUNT 34 TARGET (MEAN) $143.41 Cerberus Research PDF Page 36/43

--- PAGE 37 --- CRWV - Research Report Score: 48.86/100 | Verdict: Monitor for reclaim | Price: 95.38 | Next Earnings: 2026-05-07 INTERNAL TARGET RANGE $36.00 - $303.00 Analyst Insight Lens Insight Read street view constructive Implication consensus can support upside if execution stays intact Watch Next watch target dispersion and rating breadth for revision pressure Confidence medium / conflicting signals Analyst Price Target Range Chart Read: Shows how optimistic or conservative the street target range currently is. Read: consensus implies +50.4% with 186.2% target spread. Why it matters: shows how much of the upside case is already in consensus. Source: analyst consensus · As-of: 2026-06-26 Ownership / Crowding Context CROWDING READ Crowded long TOP INSTITUTIONAL HOLDER Magnetar Financial LLC TOP INSTITUTIONAL VALUE $6.54B TOP-5 INSTITUTIONAL CONCENTRATION 29.10% INSTITUTIONAL HOLDER COUNT 5 TOP MUTUAL FUND HOLDER VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund TOP-5 MUTUAL FUND CONCENTRATION 4.43% MUTUAL FUND % OUT (TOP-5) 0.00% Cerberus Research PDF Page 37/43

--- PAGE 38 --- CRWV - Research Report Score: 48.86/100 | Verdict: Monitor for reclaim | Price: 95.38 | Next Earnings: 2026-05-07 INTERNAL RECENT INSIDER BUYS / SELLS 0 / 0 RECENT INSIDER NET VALUE $0.00 Ownership Insight Lens Insight Read crowded long Implication holder base can amplify downside if conviction breaks Watch Next watch insider net activity against concentration changes Confidence medium SEC Insider Transactions AS OF 2026-06-24 BUY / SELL COUNT 107 / 435 NET SHARES -602293.00 NET VALUE $-572.31M Date Label Direction Shares Price Owned After 2026-06-24 conversion_of_derivative buy 15385.00 N/A 2886380.00 2026-06-24 open_market_or_private_sale sell 160.00 104.44 0.00 2026-06-24 conversion_of_derivative buy 61539.00 N/A 61539.00 2026-06-24 open_market_or_private_sale sell 4160.00 98.83 57379.00 2026-06-24 open_market_or_private_sale sell 12667.00 99.83 44712.00 Ownership Concentration Cerberus Research PDF Page 38/43

--- PAGE 39 --- CRWV - Research Report Score: 48.86/100 | Verdict: Monitor for reclaim | Price: 95.38 | Next Earnings: 2026-05-07 INTERNAL Ownership Concentration Chart Read: Shows whether the holder base is diversified or crowded. Why it matters: concentrated ownership can support or destabilize the tape. Source: holder disclosures · As-of: 2026-06-26 Top Institutional Holders Holder Shares Value Magnetar Financial LLC 68.57M $6.54B Nvidia Corp 47.21M $4.50B Goldman Sachs Group Inc 17.88M $1.70B Vanguard Portfolio Management LLC 12.71M $1.21B Vanguard Capital Management LLC 12.44M $1.19B Mutual Fund Holders Holder Shares % Out Value VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund 9.20M 2.06% $877.70M VANGUARD INDEX FUNDS-Vanguard Mid-Cap Index Fund 6.26M 1.40% $596.82M VANGUARD INDEX FUNDS-Vanguard Growth Index Fund 3.80M 0.85% $362.50M VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund 2.70M 0.60% $257.07M VANGUARD INDEX FUNDS-Vanguard Mid-Cap Growth Index Fund 2.20M 0.49% $210.20M Insider Activity (OpenInsider) No recent insider data available. Cerberus Research PDF Page 39/43

--- PAGE 40 --- CRWV - Research Report Score: 48.86/100 | Verdict: Monitor for reclaim | Price: 95.38 | Next Earnings: 2026-05-07 INTERNAL Recent News Narrative: mixed headline tape without a dominant catalyst. Coverage: 8 headlines reviewed; 8 dated items. Lens Headlines Bullish None flagged Bearish None flagged Neutral CoreWeave Price Prediction: The Case for 70% Upside ; CoreWeave Collaborates With Conapto to Expand Sweden AI Cloud Capacity ; How Does Nebius AI Cloud 3.6 Strengthen Its AI Cloud Advantage? Date Publisher Tag Impact Headline 2026-06 -29 24/7 Wall St. general [LOW] [RECENT] CoreWeave Price Prediction: The Case for 70% Upside 2026-06 -29 Zacks general [LOW] [RECENT] CoreWeave Collaborates With Conapto to Expand Sweden AI Cloud Capacity 2026-06 -29 Zacks general [LOW] [RECENT] How Does Nebius AI Cloud 3.6 Strengthen Its AI Cloud Advantage? 2026-06 -28 Simply Wall St. legal [LOW] [RECENT] CoreWeave (CRWV) Secures $99 Billion Backlog With Nvidia, Meta, Microsoft And OpenAI 2026-06 -28 Motley Fool general [LOW] [RECENT] This Nvidia-Backed Artificial Intelligence (AI) Infrastructure Stock Has Multibagger Potential. It Is Trading at an Incredibly Attractive Valuation Right Now 2026-06 -28 Motley Fool general [LOW] [RECENT] 2 Nvidia-Owned Stocks Investors Should Buy Now 2026-06 -26 Barrons. com general [LOW] [RECENT] OpenAI IPO Fears Hit Oracle and Other Stocks Exposed to the ChatGPT Maker 2026-06 -26 Motley Fool general [LOW] [RECENT] Rapidly Rising Data Center Costs May Complicate CoreWeave's Push to 8 Gigawatts of AI Power by 2030 Short Sale Pressure AS OF 2026-06-26 SHORT VOLUME 7221910.00 SHORT EXEMPT VOLUME 11750.00 TOTAL VOLUME 11328090.00 SHORT RATIO 63.75% SHORT EXEMPT RATIO 0.10% 5D AVG SHORT RATIO 58.82% Cerberus Research PDF Page 40/43

--- PAGE 41 --- CRWV - Research Report Score: 48.86/100 | Verdict: Monitor for reclaim | Price: 95.38 | Next Earnings: 2026-05-07 INTERNAL 20D AVG SHORT RATIO 47.33% READ Short pressure elevated Short Interest Insight Lens Insight Read short pressure elevated Implication bearish pressure is rising in the tape Watch Next watch short ratio versus 20D average and price response together Confidence high Catalyst / Event Risk Driver Status Next Earnings 2026-05-07 Latest Dividend N/A Analyst Target Gap 50.36% SEC Filing Timeline LATEST FORM 8-K LATEST FILING DATE 2026-06-18 LATEST REPORT DATE 2026-06-18 LATEST FILING LAG 0.00d 8-K COUNT (90D) 11 10-Q COUNT (365D) 1 10-K COUNT (365D) 1 Form Filing Date Report Date Lag Type 8-K 2026-06-18 2026-06-18 0.00d 8-K 8-K 2026-06-11 2026-06-11 0.00d 8-K 8-K 2026-06-10 2026-06-08 2.00d 8-K 8-K 2026-05-18 2026-05-15 3.00d 8-K 10-Q 2026-05-08 2026-03-31 38.00d 10-Q Cerberus Research PDF Page 41/43

--- PAGE 42 --- CRWV - Research Report Score: 48.86/100 | Verdict: Monitor for reclaim | Price: 95.38 | Next Earnings: 2026-05-07 INTERNAL End Summary Lens Close Profile full Action Bias Hold / Neutral Score / Verdict 48.86 / MONITOR Risk Box stop 78.17 / target 143.41 Consensus Gap 50.36% Flow Context $-1.65M Regime / Catalyst neutral / 2026-05-07 Closing Insight Lens Insight Read setup remains actionable into the next catalyst window Implication size to the setup only if flow, relative strength, and event path stay aligned Watch Next watch stop discipline, benchmark-relative tape, and catalyst timing together Confidence high Methodology / Appendix FALLBACK Definitions Topic Note Score Compo nents Momentum, Trend, Mean Reversion, Bollinger, VWAP, Trend Strength, Vol Stability, Risk Adjusted, Drawdown, Volume Confirmation Flow Diverge nce Logic Flow divergence compares 5D/20D price returns against cumulative major and retail net flow from local stock_flows; positive major flow with flat/down price flags accumulation, negative major flow with resilient price flags distribution. Benchm ark Selection Benchmarks prefer index membership and sector mapping from local security/index snapshots; current order SPY, QQQ. Fallback Usage Dataset Handling Severity actions actions dataset unavailable optional options_summary options_summary dataset unavailable optional holders holders dataset unavailable optional esg esg dataset unavailable optional Executive Summary & Verdict NEUTRAL HOLD / NEUTRAL Technical Score: 48.86/100 · Verdict: MONITOR · Advice: Hold / Neutral Pillar Assessment Market Cycle Stage 2 - Uptrend OK Trend / Regime Sideways / High-Vol Range Cerberus Research PDF Page 42/43

--- PAGE 43 --- CRWV - Research Report Score: 48.86/100 | Verdict: Monitor for reclaim | Price: 95.38 | Next Earnings: 2026-05-07 INTERNAL Pillar Assessment TTM Squeeze

Return on Equity -40.67% WARN Net Margin -25.57% WARN Debt/Equity 738.54 WARN high leverage Analyst Target $143.41 - +50.36% from current Report generated by SanCapital Cerberus - for research purposes only. Cerberus Research PDF Page 43/43