CoreWeave’s revenue more than doubles
An AI infrastructure company called CoreWeave unveiled its third-quarter financial results Monday, surpassing revenue projections despite seeing its stock price decline by as much as 7% during after-hours trading.
The firm’s quarterly revenue jumped 134% to reach its current level, up from $583.9 million during the corresponding period last year, according to company disclosures. Meanwhile, CoreWeave’s net loss totaled $110 million, representing a significant improvement compared to the roughly $360 million deficit recorded in the prior-year quarter.
