Search
AI Compute Firm CoreWeave's Stock Surges as Debt Concerns Ease
16 hour ago /
Read about 0 minute
Author：小编
Shares of artificial intelligence compute provider CoreWeave surged on Wednesday, climbing as much as 24% intraday to $60.52 — the largest intraday gain since July. The rally came after the company eased investors' concerns about its debt burden and signaled strong revenue growth. CoreWeave expects full-year revenue of $13 billion to $13.3 billion, above its prior guidance range and the Wall Street analyst average estimate of $12.9 billion. Executives also said they expect to secure another investment-grade loan soon. Before the earnings release, the stock had fallen 32% year to date, mainly due to investor concerns over rapid expansion spending and heavy debt.
-
C114 Communication Network -
Communication Home
7 X 24 Track global technological trends
