CoreWeave stock pops 13% after outlook raise eases AI slowdown concerns
Revenue rose 168% to $3.7 billion, and CoreWeave said customer contracts and prepayments are supporting its debt-fueled expansion.
- On Wednesday, CoreWeave shares jumped 15% after reporting $3.7 billion in third-quarter revenue, a 168% year-over-year increase, and raising its 2026 guidance to $13 billion–$13.3 billion in revenue.
- Investor anxiety over CoreWeave's $47 billion debt burden and potential AI demand slowdown had recently hammered the stock, but the company's strong quarterly performance and projection of 2028 profitability helped ease default risk concerns.
- CEO Michael Intrator called the quarter a "breakout quarter," noting growth was supported by around $9 billion in customer prepayments and deposits, a capital structure designed to sustain aggressive infrastructure expansion.
- Nasdaq futures climbed 1.6% and Nvidia shares rose 5% following the report, as investors reassessed views on AI infrastructure demand and looked past recent concerns about bloated capital expenditure.
- Chief Financial Officer Nitin Agrawal indicated CoreWeave plans to avoid new parent-level unsecured debt through 2027, prioritizing asset-backed financing to maintain liquidity while pursuing 2028 profitability targets.
198 Articles
198 Articles
union-bulletin.com
Wall Street erases its early loss after absorbing big swings for Nvidia's stock and oil prices
The U.S. stock market has erased its early losses after absorbing big swings for Nvidia’s stock and oil prices. Thursday's moves suggest Wall Street sees limited fallout for the AI industry following the sudden fall for one of its biggest…
AI stocks rebound, and Wall Street nearly returns to where it was before last week’s sell-off - WXXV News 25
Signs mark the intersection of Wall Street and Broadway in New York’s Financial District on Wednesday Dec.11, 2024. (AP Photo/Peter Morgan, File)By STAN CHOE NEW YORK (AP) — A rebound for stocks in the artificial intelligence industry lifted the U.S. market on Wednesday. The S&P 500 rose 1.3% and got close to recovering all of its brutal sell-off from last...
S&P 500 Gains 98 Points as Chip Stocks Revive the AI Trade
by Carl Fox at CDN - The S&P 500 rose 1.3% to 7,619 on Wednesday as a 24.7% jump in CoreWeave and a 5.7% rally in chipmakers eased fears about AI spending, pulling the index close to erasing last week's sell-off. Click to read the rest HERE-> S&P 500 Gains 98 Points as Chip Stocks Revive the AI Trade first posted at Conservative Daily News
Dow Jones up 0.49%, S&P 500 1.3%, and Nasdaq 1.6% while European indexes close in positive side
A rebound for AI stocks lift the US market on Wednesday and the S&P 500 got close to recover all of its brutal sell-off from last week trimgered by woolies about a potential slowdown for AI businesses. The S&P 500 rose 98.45 points, or 1.3%, to 7,619....
Coverage Details
Bias Distribution
- 46% of the sources are Center
![[your]NEWS](/_next/image?url=https%3A%2F%2Fgroundnews.b-cdn.net%2Finterests%2Ffb6dc495f74049f513563c33352175eaa0ecd509.jpg%3Fwidth%3D60&w=128&q=75)
Factuality
To view factuality data please Upgrade to Premium
