CoreWeave beats on revenue, reports over 400% growth in first earnings after IPO

1. CoreWeave's revenue reached $981.6 million, exceeding estimates by $128.6 million. 2. The company reported a net loss of $314.6 million, widened from last year. 3. OpenAI entered a five-year, $11.9 billion deal with CoreWeave this quarter. 4. CoreWeave competes with major cloud providers like Amazon and relies on Nvidia. 5. Analysts express skepticism about long-term AI market demand and economic conditions.