$ETH
AI computing company revenue surges 168%
At long last, the windfall
has reached the pick-and-shovel sellers
Holy crap
folks
Back when everyone was betting on AI,
they had their eyes on Nvidia’s graphics cards
and OpenAI’s large language models
They wanted every company to somehow slap the letters “AI” onto its name
Now another heavyweight has stepped into the spotlight:
CoreWeave
In its latest financial report for the third quarter of 2026,
the company posted revenue of $3.661 billion,
up 168% year over year
It also raised its full-year revenue forecast
After the news broke,
its shares briefly rose around 10% in premarket trading
What the hell does that mean?
While the AI industry is still scrambling to build models, add parameters, and make smarter robots,
CoreWeave is already collecting rent on computing power behind the scenes
Put simply,
anyone who wants to train AI or run large language models
needs GPUs, data centers, electricity, and cloud computing resources
The model companies tell the story
CoreWeave brings in the servers
and collects the money
Doesn’t this business sound a bit like selling shovels during a gold rush?
But it’s not as if the company is completely taking off
It still posted a net loss of $709 million in the third quarter
and net interest expense alone came to $846 million
Plus, capital expenditures for the full year are expected to reach a whopping $37 billion to $39 billion
In other words,
it really is bringing in more and more revenue
but it’s also facing considerable financial pressure behind the scenes
So, folks,
in the future, it won’t just be companies making large AI models and chips that make money
Companies providing computing power, electricity, data centers, and infrastructure
could also become big winners
The AI industry’s business ecosystem
is gradually taking shape
Revenue is now being generated across
the entire supply chain, to varying degrees
The future is already here
but the market’s expectations are getting higher and higher
Now we’ll see who
can actually rake in the cash
$ETH
AI computing company revenue surges 168%
At long last, the windfall
has reached the pick-and-shovel sellers
Holy crap
folks
Back when everyone was betting on AI,
they had their eyes on Nvidia’s graphics cards
and OpenAI’s large language models
They wanted every company to somehow slap the letters “AI” onto its name
Now another heavyweight has stepped into the spotlight:
CoreWeave
In its latest financial report for the third quarter of 2026,
the company posted revenue of $3.661 billion,
up 168% year over year
It also raised its full-year revenue forecast
After the news broke,
its shares briefly rose around 10% in premarket trading
What the hell does that mean?
While the AI industry is still scrambling to build models, add parameters, and make smarter robots,
CoreWeave is already collecting rent on computing power behind the scenes
Put simply,
anyone who wants to train AI or run large language models
needs GPUs, data centers, electricity, and cloud computing resources
The model companies tell the story
CoreWeave brings in the servers
and collects the money
Doesn’t this business sound a bit like selling shovels during a gold rush?
But it’s not as if the company is completely taking off
It still posted a net loss of $709 million in the third quarter
and net interest expense alone came to $846 million
Plus, capital expenditures for the full year are expected to reach a whopping $37 billion to $39 billion
In other words,
it really is bringing in more and more revenue
but it’s also facing considerable financial pressure behind the scenes
So, folks,
in the future, it won’t just be companies making large AI models and chips that make money
Companies providing computing power, electricity, data centers, and infrastructure
could also become big winners
The AI industry’s business ecosystem
is gradually taking shape
Revenue is now being generated across
the entire supply chain, to varying degrees
The future is already here
but the market’s expectations are getting higher and higher
Now we’ll see who
can actually rake in the cash
$ETH