CoreWeave Surges 14%, Sparking Rebound Across Battered AI Stocks

CoreWeave shares jumped as much as 14% in premarket trading on Wednesday after the AI cloud infrastructure provider delivered a robust third-quarter performance, helping lift sentiment across the broader artificial intelligence sector. Strong Results Ease Investor Concerns The company reported revenue of $3.66 billion for the quarter, a 168% increase year-over-year. CoreWeave also raised its full-year revenue guidance to a range of $13 billion to $13.3 billion. While its net loss widened to $709 million, or $1.27 per share, driven largely by higher interest expenses, the top-line strength and improved outlook provided a clear positive signal. CEO Michael Intrator described the period as a “breakout quarter,” highlighting solid demand for AI computing capacity and approximately $9 billion in expected customer prepayments and deposits over the coming months.

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