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CoreWeave Q3 revenue surges 168%, raising annual guidance

The Motley Fool +1 · ·by G4L

CRWV CoreWeave Inc
$53.13 -6.13%
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  1. 1CoreWeave recorded Q3 revenue of $3.66 billion, representing a 168% year-over-year increase in Q3 revenue.
  2. 2CoreWeave raised its annual revenue guidance to a range of $13 billion to $13.3 billion.
  3. 3Gartner predicted that 80% of the neo-clouds it forecasted will cease independent operations by 2030.

So what's the key point?

CoreWeave's third-quarter revenue grew significantly by 168% compared to last year. As a result, the company also raised its expected earnings for this year.

Source The Motley Fool +1 · View original ↗

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