{"id":284108,"date":"2025-11-10T22:54:14","date_gmt":"2025-11-10T22:54:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/284108\/"},"modified":"2025-11-10T22:54:14","modified_gmt":"2025-11-10T22:54:14","slug":"coreweave-beats-third-quarter-revenue-estimates-on-ai-computing-boom","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/284108\/","title":{"rendered":"CoreWeave beats third-quarter revenue estimates on AI computing boom"},"content":{"rendered":"\n<p class=\"yf-1090901\">(Reuters) -AI cloud provider CoreWeave beat Wall Street estimates for third-quarter revenue on Monday, benefiting from \u200bsurging demand for its computing infrastructure that powers <a href=\"https:\/\/tech.yahoo.com\/ai\/\" data-ylk=\"slk:artificial intelligence;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">artificial intelligence<\/a> workloads.<\/p>\n<p class=\"yf-1090901\">CoreWeave \u200chas cemented its position as a key infrastructure partner for the biggest names in technology, \u200clanding a string of multibillion-dollar deals, including from Meta Platforms and <a href=\"https:\/\/www.yahoo.com\/organizations\/openai\/\" data-ylk=\"slk:OpenAI;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">OpenAI<\/a>, that underscore the voracious appetite for AI-powering graphics processing units.<\/p>\n<p class=\"yf-1090901\">The company&#8217;s third-quarter revenue more than doubled to $1.36 billion, beating \u2060analysts&#8217; average estimate \u200cof $1.29 billion, according to data compiled by LSEG.<\/p>\n<p class=\"yf-1090901\">The period reflected a phase of explosive growth for the \u200dcompany, marked by major new customer agreements. In September, it signed a $14 billion deal to provide AI infrastructure to Meta and expanded a pact with \u200bOpenAI for $6.5 billion. Its contract with the ChatGPT creator \u200cnow exceeds $22 billion.<\/p>\n<p class=\"yf-1090901\">CoreWeave shares, however, were down less than 1% in extended trading. The stock has been volatile since its debut earlier this year, as investors weighed massive contract wins against heavy spending and strategic setbacks.<\/p>\n<p class=\"yf-1090901\">The stock, initially priced at $40 per share in \u2060its IPO, has more than doubled in \u200bvalue as of Monday&#8217;s close, \u200bvaluing the company at more than $50 billion.<\/p>\n<p class=\"yf-1090901\">CoreWeave&#8217;s aggressive expansion plans hit a snag in late October when crypto miner Core \u200dScientific terminated a \u2060$9 billion all-stock merger agreement.<\/p>\n<p class=\"yf-1090901\">The company posted a loss of 22 cents per share, narrower than the $1.82 per share \u2060reported a year earlier. Adjusted third-quarter core profit of $838.1 million beat the \u200cestimate of $811.6 million.<\/p>\n<p class=\"yf-1090901\">(Reporting by Akash Sriram \u200cin Bengaluru; Editing by Shilpi Majumdar)<\/p>\n","protected":false},"excerpt":{"rendered":"(Reuters) -AI cloud provider CoreWeave beat Wall Street estimates for third-quarter revenue on Monday, benefiting from \u200bsurging demand&hellip;\n","protected":false},"author":2,"featured_media":284109,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[182,181,507,12297,7264,74,83419],"class_list":{"0":"post-284108","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificialintelligence","11":"tag-coreweave","12":"tag-infrastructure","13":"tag-technology","14":"tag-wall-street-estimates"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/284108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=284108"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/284108\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/284109"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=284108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=284108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=284108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}