CoreWeave's Q3: Booming AI Demand, Supply Limitations
Update: 2025-11-11
Description
CoreWeave, a leading AI computing power provider, reported Q3 earnings of $1.36 billion, surpassing analyst expectations, but also incurred a loss of $0.22 per share. The companys success is tied to the AI industry boom, with major contracts from Google, Microsoft, and a $6.5 billion deal with OpenAI. Despite supply limitations, CoreWeaves stock has surged since its March IPO, reflecting investor confidence. The companys attempted acquisition of Core Scientific for $9 billion was rejected by shareholders.
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