๐ CoreWeave $CRWV surges +20% midday โ Q2 revenue up 112%, $104B backlog revealed
AI cloud infrastructure giant CoreWeave crushed Q2 estimates with $2.58B in revenue (vs $2.56B expected), up 112% year-over-year, and raised full-year 2026 guidance to $12.4Bโ$13.2B. The company also disclosed fresh deals with Anthropic and Meta, and a jaw-dropping $104B revenue backlog. Shares are ripping +20% in midday trade following Tuesday night's earnings print. Not financial advice. With the backlog growing and hyperscalers locking in capacity, is CRWV the AI infrastructure trade of the year?
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