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CoreWeave surges 18% in premarket after a 'cleaner quarter'. Here's what's happening
AI cloud giant CoreWeave jumped 18% in premarket trading following a report that its second-quarter revenue doubled due to surging AI demand from hyperscalers.
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Adjacent reporting
- CoreWeave surges 16% on $2.58 billion revenue quarter as AI infrastructure demand eclipses crypto
- CoreWeave revenue more than doubles in first quarter, topping estimates
- CoreWeave CEO Michael Intrator cites ‘sold out’ capacity as revenue more than doubles and backlog swells to $104 billion
- CoreWeave Junk Bonds Slide Further as Investors Question AI Boom