CoreWeave Reports $104 Billion Backlog, Raises Capex on AI Demand

AI cloud provider CoreWeave increased its annual capital spending forecast after exceeding second-quarter estimates, driven by a surge in demand for its AI cloud computing services, which sent its shares up over 14 percent.

13 Aug, 04:00 — 13 Aug, 04:00

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cyprus-mail3d ago

AI cloud provider CoreWeave reports $104bn backlog and raises capex target

CoreWeave (CRWV.O) lifted its annual capital spending forecast ‌this week after beating second-quarter estimates, betting on a surge in demand for its AI cloud computing services, sending the company’s shares more than 14 per cent higher in extended trading. The AI cloud company also lifted its targets for 2026 revenue and adjusted operating profit, encouraged […]

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CoreWeave Reports $104 Billion Backlog, Raises Capex on AI Demand

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AI cloud provider CoreWeave reports $104bn backlog and raises capex target

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