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CoreWeave shares rise after Oracle force majeure notice
The move comes alongside fresh analyst calls, with JPMorgan upgrading CoreWeave while Rothschild started coverage with a Sell rating over debt concerns.
CoreWeave shares climbed after Oracle issued a force majeure notice tied to a data center project, according to MarketBeat Ratings. Oracle said it wants to defer payments to Slack Infrastructure, the developer owned by Blue Owl Capital, if the project does not open in 2028.
MarketBeat Ratings also points to how the notice could affect expectations for new data center capacity, with some investors viewing potential delays as supportive for neocloud providers such as CoreWeave that already have capacity.
In the same week as the Oracle notice, CoreWeave received two analyst actions with opposing outlooks. MarketBeat Ratings said JPMorgan upgraded CoreWeave while Rothschild initiated coverage with a Sell rating, citing debt concerns.