The AI cloud sector faces a critical moment: CoreWeave (CRWV.US) is about to release its financial report, and Wells Fargo remains bullish

According to Zhihui Caijing APP, amid concerns over a slowdown in data center construction, CoreWeave (CRWV.US) is set to release its third-quarter financial report after the US stock market closes on Tuesday, which is seen as a key test of the strength of the new AI cloud sector. Market expectations are that CoreWeave's Q3 revenue will increase by 160% to $3.54 billion, with an adjusted loss per share of $1.21, compared to a loss of $0.08 per share in the same period last year. Ahead of the earnings release, CoreWeave's share price rose by 5.6% on Monday.