GoKawiilCoreWeave shares surge 11% after third-quarter revenue triples and guidance raised
CoreWeave reported third-quarter revenue of $3.7 billion, up 168% year over year, beating estimates, and raised its full-year guidance. CEO Michael Intrator called it a "breakout quarter," citing diverse funding sources including contract-backed financing and roughly $9 billion in customer prepayments and deposits. Shares rose 10.8% in premarket trading, with peers Nebius, Applied Digital and IREN also gaining.