CoreWeave's revenue more than doubles as AI buildout expansion accelerates
1. CoreWeave reports unexpected Q3 revenue of $1.36 billion, surpassing estimates. 2. Company's backlog grows to $55.6 billion; significant contracts with OpenAI and Meta. 3. Stock surged post-IPO, closing at $105.61, a 164% increase since March. 4. Core Scientific acquisition delayed following shareholder vote against the deal. 5. Market volatility affects IPO demand; CoreWeave raises $1.5 billion.