CoreWeave says 2028 demand will be several times available compute

The headline signal here is less the demand forecast than the prepayment figure: customers putting cash down months ahead is a stronger commitment indicator than commentary about 2028, and it implies buyers are locking in capacity rather than shopping around. The absence of detail on what the prepayments cover or who is paying is the notable gap, since it leaves open whether this reflects a broad customer base or a small number of large commitments. Whether those terms get disclosed, and whether prepayments become a recurring feature of compute contracts rather than a one-off, is the open question worth watching.