Stockwatch
HedgeWeekly Stockwatch: CoreWeave jumps on results as GoPro delays its report
CoreWeave, Nvidia, GoPro, Netlist and Siemens Energy are the shares in focus before Wednesday's open.
HedgeWeekly Markets Desk ·
CRWV, CoreWeave: Third-quarter revenue of $3.66 billion, up 168%, beat forecasts; the loss of $1.27 a share was smaller than the $1.55 expected, and 2026 revenue guidance rose to $13.0-13.3 billion. Bull case: Backlog of about $133 billion, up 138%, and a raised full-year outlook. Bear case: Capital spending of $14.5 billion topped guidance; the company carries roughly $50 billion of debt.
NVDA, Nvidia: Rebounding after a 5.53% fall to $168.78 on Tuesday, as an independent board committee investigates CEO Jensen Huang; Michael Burry said he sees room for a rebound. Bull case: Board says it has no reason to believe confidential information was compromised. Bear case: Burry doubts its long-term edge; Huang is asked to brief Congress on November 18.
GPRO, GoPro: Delayed its third-quarter results to finish accounting and valuation work on financing deals. Bull case: The delay is tied to accounting work, not a stated change in trading. Bear case: Its planned merger with Starman Optical could be at risk without lender waivers.
NLST, Netlist: Third-quarter net sales rose 149% to $105.1 million and management signalled licensing deals with SK Hynix and other memory suppliers. Bull case: Sales more than doubled and licensing talks point to new income. Bear case: No licensing terms or timing have been disclosed.
ENR, Siemens Energy: Investors welcomed expectations of higher profit margins in 2027 and a plan to more than triple the dividend. Bull case: Bigger dividend and a firmer margin outlook. Bear case: European peers were mixed: Vestas fell 6% on weaker operating profit.