CRWV Earnings Preview & A.I. CapEx Outlook

Core Sentiment - The tech sector experienced a pullback after a significant run this year, which was seen as a necessary correction [1][2] - Supply constraints are currently dictating revenues, with demand outpacing supply expected to continue for the next few years [3][7] Supply Chain Dynamics - The supply chain is complex, with shifting constraints affecting various components such as wafers, packaging, and memory [4][5] - The current choke points appear to be related to power supply, impacting the ability to bring energy online for production [8][9] Company Focus: CoreWeave - CoreWeave has seen a decline of approximately 20% since its last report, indicating volatility in its stock performance [10] - The company has secured a deal with Nvidia to absorb unused capacity through 2032, which may provide stability [11] - CoreWeave is positioned well within the AI cloud sector, competing effectively with hyperscalers and forming partnerships with major players like OpenAI [12] Market Expectations - Investors are looking for long-term signals from CoreWeave, particularly regarding backlog and how commitments translate into future revenues [15] - Commentary on capital expenditure and profitability tipping points will be crucial for investor sentiment, although immediate insights may not be expected [16]