$CRWVB ☁️ CoreWeave Raises Revenue Outlook as AI Cloud Demand Accelerates
$CRWV
CoreWeave reported second-quarter revenue of $1.52 billion, up 205% from a year earlier, as demand for its GPU-based cloud infrastructure continued to surge. The company also raised its full-year revenue outlook to between $12.9 billion and $13.1 billion, compared with its previous forecast of $12 billion to $13 billion. 📈
$CRWV.US
The company said remaining performance obligations reached $55.7 billion at the end of the quarter, reflecting contracted future business with customers. CoreWeave is continuing to expand its data center capacity and GPU infrastructure to meet demand from artificial intelligence developers and large technology companies. 🤖 The company also reported $1.8 billion in second-quarter capital expenditures as it accelerates infrastructure deployment.
$CRWV
CoreWeave reported second-quarter revenue of $1.52 billion, up 205% from a year earlier, as demand for its GPU-based cloud infrastructure continued to surge. The company also raised its full-year revenue outlook to between $12.9 billion and $13.1 billion, compared with its previous forecast of $12 billion to $13 billion. 📈
$CRWV.US
The company said remaining performance obligations reached $55.7 billion at the end of the quarter, reflecting contracted future business with customers. CoreWeave is continuing to expand its data center capacity and GPU infrastructure to meet demand from artificial intelligence developers and large technology companies. 🤖 The company also reported $1.8 billion in second-quarter capital expenditures as it accelerates infrastructure deployment.