CoreWeave Quarterly Revenue Grows by 168%, Boosting the AI Industry
2026-11-12 06:41:47
According to CoinMeta, CoreWeave achieved revenue of $3.66 billion in the third quarter of 2026, a year-on-year increase of 168%. The company's stock price rose by 24.7% on Wednesday, and it raised its sales forecast for 2026 to between $13 billion and $13.3 billion. As an investor in CoreWeave and a chip supplier for AI, this performance is of significant importance to the entire AI infrastructure market. CoreWeave also reported a revenue backlog of $132.5 billion and expects to receive approximately $9 billion in customer prepayments over the next three months.
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Source:Decrypt
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