CoreWeave Q3 revenue +168% to $3.66B, raises annual forecast; shares +13.5% premarket

CoreWeave reported Q3 revenue of $3.66 billion, up 168% year-over-year, and raised its annual forecast, driving shares up 13.5% in premarket trading despite a widening net loss. The results underscore sustained demand for AI cloud infrastructure, though profitability remains elusive. The market reaction suggests investors are prioritizing growth over near-term losses in the AI infrastructure segment.

AI disclosure: Model-written summary of the source, not a verified fact. Check the sources. How Mosaic works