CoreWeave Says Compute Capacity Largely Sold Out Through 2027

The signal here is less about CoreWeave than about the shape of AI infrastructure demand: a multi-year sold-out book implies buyers are contracting capacity well ahead of need, which shifts leverage toward suppliers and makes pricing power the metric to watch. It matters most for competitors racing to add GPU capacity and for the customers now competing for scarce allocations. Whether this scarcity persists depends on how quickly new supply arrives — that, not the backlog itself, is the open question.