The earnings report that carried the Nasdaq overnight: CoreWeave sales grew 168% year over year.
→ Revenue $3.66B (est. $3.54B), backlog ~$133B
→ Shares up as much as 16% after the close, Nasdaq futures up 1.4% overnight
→ Quarterly spending $14.5B (est. $11.9B), and the company is still losing money
I think this report was the reason for the overnight rebound.
Worst case: if spending grows faster than sales and yields stay at 5%, the debt-funded growth model gets questioned again; I'm watching.
#Stocks #AI
Watching: $CRWV $QQQ
→ Revenue $3.66B (est. $3.54B), backlog ~$133B
→ Shares up as much as 16% after the close, Nasdaq futures up 1.4% overnight
→ Quarterly spending $14.5B (est. $11.9B), and the company is still losing money
I think this report was the reason for the overnight rebound.
Worst case: if spending grows faster than sales and yields stay at 5%, the debt-funded growth model gets questioned again; I'm watching.
#Stocks #AI
Watching: $CRWV $QQQ
