1301 ET - CoreWeave is arguing that its scale means new deployments are no longer overshadowed by its "ramp drag," Stifel analysts say in a note, adding that the 2Q print provides early evidence for this view. "The company energized its largest-ever tranche of capacity and still expanded margin sequentially, which is the opposite of the pattern in F4Q25 and F1Q26," the analysts say, adding that the company expects sequential margin expansion through the rest of the year. Still, they note, the 2Q was boosted by a confluence of tailwinds, including growth in the higher-margin services layer, more shorter-duration and higher-priced contracts, and prior-generation fleet economics. CoreWeave surges 20%.