CoreWeave Stock Soars on Strong Q3 Financials and Raised Revenue Expectations
2026-11-11 19:17:26
According to CoinMeta, CoreWeave shares rose by about 13% in pre-market trading on Wednesday, following the release of AI's cloud infrastructure company's third-quarter financial results, which exceeded expectations, and the company also raised its annual revenue forecast. CoreWeave reported third-quarter revenue of $3.66 billion, a year-on-year increase of 168%, surpassing analysts' expectations of $3.55 billion. Despite the significant revenue growth, the company still recorded a net loss of $709 million, which is an expansion from last year's same-period loss of $110 million. CoreWeave expects revenue in 2026 to be between $13 billion and $13.3 billion, with capital expenditures expected to be between $37 billion and $39 billion.
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Source:Coinpaper
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