CoreWeave shares surge over 15% as Q3 revenue jumps 168%
CRWV CoreWeave Inc
$60.81 +24.80%
View chart & analysis → - 1CoreWeave revenue surged 168% in Q3 to reach $3.66 billion.
- 2CoreWeave achieved a backlog of $132.5 billion as of September 30.
- 3CoreWeave's expected interest expenses for Q4 are projected to be $1.05 billion to $1.15 billion.
So what's the key point?
CoreWeave's third-quarter revenue grew significantly by 168%. There is a large amount of money expected to be received in the future, leading to expectations that the stock price will rise further.
Source The Motley Fool +1 · View original ↗
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