According to CoinMeta and research by ChaoXiang, a Morgan Stanley report indicates that CoreWeave has added 500MW of production capacity in a single quarter, and management has reiterated the goal of reaching 8GW by 2030. The revenue guidance for FY26 has been raised to $12.4 billion to $13.2 billion, and that for ARR to $18.5 billion to $19.5 billion. The company has also raised its annual capital expenditure guidance to $35.5 billion to $39 billion, with capital expenditure expected to be $11.5 billion to $13.5 billion, which is higher than the market's expectation of $1 billion. Managed inference The platform's ARR has grown from $1 million to over $10 million, with an expected reach of $25 million by the end of the year. Morgan Stanley predicts that CoreWeave debt will increase to approximately $38 billion by the end of 2026, while maintaining the equal-weight rating and a target price of $99.