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Amazon Web Service

Coverage of Amazon Web Service in the Nexus archive.

Earliest in view: Aug 12 · 03:33 UTCMost recent: Aug 12 · 03:33 UTC

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TECHNOLOGYAug 12 · 03:33 UTCFORTUNE
CoreWeave CEO Michael Intrator cites ‘sold out’ capacity as revenue more than doubles and backlog swells to $104 billion
Neocloud provider CoreWeave reported revenue of $2.58 billion in the second quarter, more than doubling and topping analyst estimates due to high demand for AI infrastructure. The company's revenue backlog swelled 246% year-over-year to $104.2 billion, and the stock surged following the earnings call. CEO Michael Intrator stated that CoreWeave’s near-term capacity remains effectively sold out.