Wednesday, 13 August, 2025
CoreWeave Posts $1.21B Q2 Revenue on Surging AI Demand, But Losses Deepen
CoreWeave delivered a blockbuster Q2 with $1.21 billion in revenue, well above analyst expectations of $1.08 billion, driven by accelerating demand for AI cloud services and Nvidia-powered infrastructure. However, the company reported a steeper-than-expected net loss of about $291 million and saw operating expenses balloon, prompting a 10% drop in its stock post-earnings. Despite this, its $30.1 billion backlog signals strong future demand as it guides upbeat annual revenue.
Read full story at Economic Times