CoreWeave stock jumps 15% premarket as Q3 revenue beats estimates
AI summary
CoreWeave's third-quarter revenue rose 168% to $3.66 billion, beating analyst estimates by 3.4%, and its stock jumped 15% in premarket trading. The AI cloud provider also reported a revenue backlog of $132.5 billion. Traders watch CoreWeave as a proxy for AI infrastructure demand, which has driven crypto mining and data-center economics, though the story has no direct token exposure.
