CoreWeave Teams Up With Leidos to Expand AI Cloud Infrastructure
On July 30, CoreWeave (CRWV) announced a partnership with government IT firm Leidos to provide secure and specialized AI cloud infrastructure for U.S. federal agencies. The collaboration targets defense, intelligence, and national security applications in classified environments. This deal is seen as a strategic catalyst for CoreWeave Federal, opening opportunities for long-term contracts within the U.S. Intelligence Community and defense sector. Key offerings include sovereign AI capabilities such as cyber artificial intelligence ranges and edge-to-cloud orchestration. The partnership aligns with growing federal demand for secure AI compute solutions. CoreWeave's stock has risen following the news after a nearly 45% decline from its year-to-date high. Analysts remain bullish, assigning it a 'Moderate Buy' rating with an average price target of $255. The company is also expected to report Q2 earnings on August 11 and trade at a much lower valuation than rival Nebius.