CoreWeave Reports Record Revenue – Order Backlog More Than Triples to $104 Billion!
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"AI is fundamental for every industry.” CoreWeave provides a specially designed technology platform to unlock AI potential. A new DDTL-5.5 financing of $2.6 billion will also enable shorter-term customer contracts with potentially higher margins. In Q2, revenue increased by 112% to a record high. High investment costs remain a risk factor. CoreWeave (CRWV) surged 17% in after-hours trading on August 11 following a record quarter. Co-founder and CEO Michael Intrator describes it as an "important turning point,” as significant...
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