The company is scheduled to report results after the market closes Tuesday. Analysts’ expected loss compares with $110.1 million, or 22 cents a share, in the year-earlier quarter. CoreWeave shares recently rose 5.4% to $48.92, but remain down 32% this year.

Investor concerns have intensified: the stock has fallen 40% over the past month as markets weigh returns on AI infrastructure investments and the possibility of slower data-center construction after last week’s elections. CoreWeave is among the more highly leveraged companies in the AI trade. Its 2032 bonds traded as low as 74.75 cents on the dollar in the days after the midterms, while spreads widened.

Morgan Stanley analysts said investors will seek clearer guidance on CoreWeave’s financing needs and plans for deployment, particularly as capital markets become more selective about funding or underwriting data-center projects. “Greater visibility into deployment strategy and financing needs would likely be well received thereby supporting a positive T+1 move,” they wrote. Reiterating the company’s guidance from last quarter would also be welcomed, they said, but clarity on financing is likely to be the most important driver of the share price.