CoreWeave raises its forecast as sales nearly triple
The AI cloud company’s revenue rose to $3.66 billion in the third quarter, from $1.37 billion a year earlier, and its order book reached about $132.5 billion. It still lost $709 million. Its shares had fallen more than 40% in a month on fears about its debt.
CoreWeave rents out computing power built on Nvidia chips to AI companies. On November 10 it reported results for the three months to September 30, and raised its revenue forecast for 2026 to $13.0 billion to $13.3 billion.