CoreWeave shares surge approximately 25% following Q3 earnings release
CRWV CoreWeave Inc
$60.77 +24.71%
View chart & analysis → - 1CoreWeave shares rose nearly 25% on Wednesday.
- 2CoreWeave achieved $3.66 billion in revenue, marking a 168% year-over-year increase in Q3.
- 3CoreWeave achieved $379 million in adjusted operating profit, marking a 75% increase in Q3.
So what's the key point?
CoreWeave shares rose significantly following news that revenue increased by 168% compared to last year. The company is being valued highly as it earns a large amount of money.
Source The Motley Fool +1 · View original ↗
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