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CoreWeave shares surge over 7% overnight as Q3 revenue jumps 168%

Stocktwits +1 · ·by G4L

CRWV
CRWV CoreWeave Inc
$60.77 +24.71%
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MU +11.89% STX +9.99% NBIS +15.44%IREN IREN +5.63%
  1. 1CoreWeave shares rose more than 7% in overnight trading after reporting a 168% increase in Q3 revenue.
  2. 2CEO Michael Intrator stated that CoreWeave has eligible demand reaching 10 times its available capacity by the end of 2027.
  3. 3The company's demand and growth outlook are very positive based on its $132.5 billion backlog.

So what's the key point?

CoreWeave's stock price rose more than 7% as Q3 revenue grew by 168%. The company is expected to continue growing due to a very high volume of future orders.

Source Stocktwits +1 · View original ↗

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