CoreWeave’s earnings beat shows that the AI trade is far from over

1. CoreWeave's Q3 revenue hit $1.36 billion, exceeding $1.29 billion expectations. 2. Remaining performance obligations surged to $55.6 billion from $30.1 billion last quarter. 3. Net loss of $110 million was significantly lower than the $245 million estimate. 4. CoreWeave's adjusted EBITDA reached $838 million, beating expectations of $812 million. 5. Despite positive revenue, stock fell 2% due to investor expectation adjustments.