AIQuartzabout 1 hour ago
CoreWeave Earnings Beat Eases AI Fears
2 min read
CoreWeave stock jumped 11% after the AI cloud provider raised full-year revenue guidance to $13.0 billion-$13.3 billion and reported a $122.5 billion backlog. The company expects adjusted operating income of $1.275 billion to $1.375 billion by 2028. CEO Michael Intrator stated growth is supported by financing backed by customer contracts and approximately $9 billion in customer prepayments.
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