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Home›Global Markets›North America›Coreweave shares jump in premarket after revenue doubl…

Coreweave shares jump in premarket after revenue doubles

The company said second-quarter revenue doubled, citing stronger demand for AI cloud capacity from hyperscalers.

Reported · Written up by our desk · North America

CNBC reports Coreweave shares surged about 18% in premarket trading after the AI cloud company reported results it described as a cleaner quarter.

According to CNBC, Coreweave said its second-quarter revenue doubled, attributing the increase to surging AI demand from hyperscalers.

The move highlights how improving AI infrastructure demand is feeding into the company’s quarterly growth expectations.

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Sources

CNBC MarketsCoreweave surges 18% in premarket after a 'cleaner quarter'. Here's what's happening
CNBC WorldCoreweave surges 18% in premarket after a 'cleaner quarter'. Here's what's happening

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