CoreWeave, the weakest link in the AI industry, surprises with strong numbers – and a new financing model
The heavily indebted data centre developer significantly increases its sales and can calm nervous investors somewhat. However, the strategy remains very aggressive.
CoreWeave, a heavily indebted data center developer, reported a significant increase in revenue, with $3.7 billion in quarterly sales, slightly higher than estimated. The company's CEO, Michael Intrator, expressed confidence that the fourth quarter will also exceed Wall Street expectations. CoreWeave's backlog of orders reached a record $133 billion, and it has 1.7 gigawatts of computing power in operation, double the amount from the end of 2025.
The company's stock rose over 6% in after-hours trading, despite concerns about its high debt levels, which reached $66 billion as of September.
Written by urgent.news from NZZ Wirtschaft's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
