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CoreWeave Prepares for Q3 Earnings Amid AI Cloud Demand Surge

CoreWeave Prepares for Q3 Earnings Amid AI Cloud Demand Surge

Author:

Global Cryptocurrency

Published:

2025-11-06 23:58:02

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BTCCSquare news:

CoreWeave (CRWV), the AI-driven cloud computing firm, gears up for its November 10 earnings release with Wall Street anticipating a $0.40 loss per share on $1.29 billion revenue. Despite a 168% rally since its $40 IPO, the stock faces headwinds from its failed Core Scientific acquisition and AI sector valuation concerns.

The company’s Nvidia GPU-powered cloud platform continues to attract bullish sentiment, fueled by a $30.1 billion backlog and a newly inked $1.17 billion deal with Vast Data. Q2 revenue soared 207% YoY to $1.2 billion, though losses widened unexpectedly.

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