Nvidia-Backed CoreWeave's Stock Jumps on AI-Driven Growth in First Report Since IPO
1. CoreWeave's revenue grew over 400% year-over-year to $981.6 million. 2. The adjusted net loss widened to $149.6 million from $23.6 million last year. 3. CEO noted strong demand for AI cloud infrastructure from leading companies. 4. CoreWeave plans to raise $1.5 billion in debt financing for expansion. 5. Stock surged nearly 70% from its IPO price following strong quarterly results.