๐ CoreWeave $CRWV rockets +21% โ AI cloud backlog just hit $104 billion
CoreWeave crushed Q2 estimates with $2.58B in revenue โ up 112% year-over-year and just ahead of Wall Street's $2.56B estimate โ sending shares to $109.26 on Wednesday. Losses per share came in at $1.03 vs. $1.20 expected, and the revenue backlog hit a jaw-dropping $104B with another $25B+ in new Q3 commitments on top. Q3 guidance of $3.45โ$3.6B is already above analyst forecasts. Is CRWV pulling away as the dominant AI compute cloud? Not financial advice.
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