Jim Cramer: CoreWeave's Backlog 'May Be Much Greater' Than Wall Street Thinks

Jim Cramer: CoreWeave's Backlog 'May Be Much Greater' Than Wall Street Thinks

The post Jim Cramer: CoreWeave’s Backlog ‘May Be Much Greater’ Than Wall Street Thinks appeared first on 24/7 Wall St.. Jim Cramer argues CoreWeave (CRWV) contracted revenue pipeline exceeds Wall Street models based on research showing AI cloud operator's backlog may be larger than disclosed. CoreWeave's backlog surged from $30.1B in Q2 2025 to $99.4B in Q1 2026, driven by Meta ($21B), OpenAI ($22.4B), and NVIDIA commitments. CoreWeave's Augu…

CoreWeave (CRWV) Stock: Jim Cramer Believes Hidden Revenue Pipeline Exceeds Reported Figures

Key Takeaways Jim Cramer suggests CoreWeave’s actual contracted revenue pipeline may surpass the disclosed $99.4 billion figure, referencing analysis of third-party debt filings. The company delivered $2.08 billion in Q1 2026 revenue, marking a 112% year-over-year increase, though net losses reached $740 million. Contracted backlog surged from $30.1 billion in Q2 2025 to nearly $100 billion by March 2026, fueled by major deals with Meta and Ope…