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CoreWeave Stock Surges on AI Growth Prospects Despite Earnings Miss
CoreWeave Stock Surges on AI Growth Prospects Despite Earnings Miss
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BTCCSquare news:
CoreWeave shares soared 15.2% during Wednesday's session, peaking at 24.6% intraday, as investors shrugged off an earnings miss to focus on staggering cloud infrastructure growth forecasts. The AI specialist's valuation now stands at 10.8x forward sales, reflecting baked-in expectations for its position in explosive markets.
Oracle's guidance suggests the sector could see seismic expansion, with cloud infrastructure revenue projected to leap from $18 billion this year to $144 billion within five years. A $300 billion OpenAI contract lends credibility to these projections, though CoreWeave remains 37% below its all-time high.
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