CoreWeave Shares Jump 14% After Revenue Doubles to $2.58 Billion

CoreWeave (CORE) stock rose 14% following the company's report showing revenue of $2.58 billion for the latest quarter, beating Wall Street's expectation of $2.56 billion. The company’s revenue climbed 112% year-over-year, despite a net loss of $626 million. CoreWeave's revenue backlog is now $104 billion, alongside new commitments exceeding $25 billion. For the upcoming third quarter, CoreWeave projects revenue between $3.4 billion and $3.6 billion, suggesting significant growth potential, which is crucial for investors looking at trends in AI infrastructure demand.