CRWV · 首目标兑现 · 后市策略 · First Target Reached · Forward Strategy
CRWV 自低位一路攀升，于4月22日至23日前后最高触及 $124.9，成功突破团队设定的第一阶段目标价区间，随后两日股价有所回落，目前收于约 $105。团队旗下量化交易系统在价格触及高位时已同步侦测到顶部过热信号并发出卖出预警，希望会员有结合「交易机会」栏目及量化交易系统的信号，在高位完成阶段性锁利操作。恭喜跟随「交易机会」完成建仓的会员——从低位至今，这笔布局已带来相当丰厚的回报。所有操作记录均已公开于会员平台，供会员随时核对对照。
CRWV climbed steadily from the lows, reaching a high of $124.9 around April 22 to 23 and successfully breaking through the team's first-stage target zone — before pulling back over the following two days to close at approximately $105. The team's quantitative trading system detected a top overbought signal and issued a sell warning as the price reached its peak. We hope members have used the signals from the Trading Opportunity section and the quantitative trading system to lock in staged profits at the highs. Congratulations to members who completed their positions through the Trading Opportunity section — from the lows to today, this trade has delivered a truly substantial return. All trade records are documented on the member platform and available for members to verify at any time.
团队早于低位完成研判，将完整的入场逻辑与分阶段布局思路提前同步至平台「交易机会」栏目。所有操作记录均已存档于会员平台，供随时核对。
The team completed its analysis ahead of the move and published the full entry thesis and phased positioning approach to the platform's Trading Opportunity section in advance. The complete record is archived on the member platform and available for reference at any time.
这一轮升势背后，有多重重量级催化剂密集落地。
Multiple heavyweight catalysts have driven this rally in tandem.
合同层面，CoreWeave 近月接连斩获超大规模订单。与 Meta 签订约 210亿美元长期 AI 云容量协议，合约期延伸至2032年，消息公布后股价单日急升逾 6%。随后与 Anthropic 签署多年期协议，为 Claude AI 工作负载提供核心算力支持，市场反应更为强烈，单日涨幅约 11%，成交量超过正常水平的两倍。此外，与 Jane Street 签订约 60亿美元合同，进一步拓宽客户基础。根据分析师预计，运营积压订单有望于 Q2 2026 突破 1,000亿美元大关。
On the contracts front, CoreWeave has secured a series of landmark deals in recent months. A long-term AI cloud capacity agreement with Meta valued at approximately $21 billion, extending through 2032, sent the stock up over 6% on the day of announcement. This was followed by a multi-year agreement with Anthropic to power Claude AI workloads — the market reaction was even stronger, with the stock surging approximately 11% on more than double normal trading volume. An additional contract with Jane Street valued at approximately $6 billion further broadened the client base. Analysts project that the operational backlog could surpass $100 billion by Q2 2026.
财务层面，CoreWeave Q4 2025 收入同比增长 110%，全年收入约 51.3亿美元，毛利率高达约 71.7%，EBITDA 约 24.1亿美元，EBITDA 利润率约 47.5%。华尔街预计其2026年全年收入增速约达 +143%，是目前美股市场中增速最快的 AI 基础设施公司之一。
On the financial side, CoreWeave's Q4 2025 revenue grew 110% year-over-year, with full-year revenue reaching approximately $5.13 billion, a gross margin of approximately 71.7%, EBITDA of approximately $2.41 billion, and an EBITDA margin of approximately 47.5%. Wall Street projects full-year 2026 revenue growth of approximately +143%, making CoreWeave one of the fastest-growing AI infrastructure companies in the U.S. market today.
GPU 供需层面，H100 一年期租赁价格已从2025年10月的每小时约 $1.70 攀升至2026年3月的约 $2.35，涨幅约 40%，算力市场极度紧张的格局短期内难以逆转，直接支撑 CoreWeave 的定价能力与收入可见度。
On the GPU supply-demand front, one-year lease rates for H100 GPUs have climbed from approximately $1.70 per hour in October 2025 to approximately $2.35 per hour by March 2026 — a rise of approximately 40%. The extreme tightness in the compute market is unlikely to reverse in the near term, directly supporting CoreWeave's pricing power and revenue visibility.
需要关注的是，CoreWeave 目前仍处于净亏损状态，为支撑高速扩张已发行约 10亿美元优先票据（利率9.75%）及 85亿美元 GPU 抵押融资，债务负担较重。下一次财报将于 2026年5月7日发布，届时管理层对全年收入指引及债务管理路径的表态，将是市场重新定价的关键节点。
It is important to note that CoreWeave remains in a net loss position. To fund its rapid expansion, the company has issued approximately $1 billion in senior notes at a 9.75% interest rate and secured an $8.5 billion GPU-backed financing facility, resulting in a substantial debt load. The next earnings report is scheduled for May 7, 2026, and management's guidance on full-year revenue and the debt management path will be the key variable for market repricing.
团队旗下 Sigma Trading System 顶底捕捉交易系统在本次操作全程同步运行——在低位超卖区间率先发出入场信号，为分批建仓提供客观系统依据；在价格触及高位时亦同步发出顶部过热预警，协助会员在情绪最亢奋时保持纪律。
The team's Sigma Trading System operated throughout this trade — identifying entry signals during the oversold lows to provide an objective, system-driven basis for staged accumulation, and simultaneously issuing a top overbought warning as the price reached its peak, helping members maintain discipline when sentiment was at its most elevated.
CRWV 第一阶段目标已成功触及，目前股价自高位有所回落。下一个关键时间节点是5月7日财报。团队根据最新市场结构整理的完整后续操作参考已更新于下方。
CRWV's first-stage target has been successfully reached, with the price now pulling back from its highs. The next key milestone is the May 7 earnings release. The team's complete forward-looking operational reference, compiled from the latest market structure, is available below.
