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CoreWeave stock surges 15% in premarket trading after Q3 revenue beats forecasts
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CoreWeave stock surges 15% in premarket trading after Q3 revenue beats forecasts

Source Summary

CoreWeave reported third-quarter revenue of $3.66 billion, a 168% year-over-year increase that exceeded analyst estimates by 3.4%. The company's revenue backlog reached $132.5 billion. The stock jumped 15% in premarket trading following the results.

Why it matters

CoreWeave's substantial revenue beat and massive backlog demonstrate strong demand for its infrastructure services and signal confidence in the company's near-term growth trajectory.

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NASDAQ:CRWVLive chart