{"id":629641,"date":"2026-05-07T21:18:12","date_gmt":"2026-05-07T21:18:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/629641\/"},"modified":"2026-05-07T21:18:12","modified_gmt":"2026-05-07T21:18:12","slug":"coreweave-tops-revenue-estimates-as-ai-boom-supercharges-cloud-demand","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/629641\/","title":{"rendered":"CoreWeave tops revenue estimates as AI boom supercharges cloud demand"},"content":{"rendered":"\n<p class=\"yf-1fy9kyt\">May 7 (Reuters) &#8211; CoreWeave Inc beat analysts&#8217; estimates for quarterly revenue on Thursday, as the specialized cloud provider tapped \u200cinto strong demand for its high-performance computing services used \u200cto train and deploy artificial intelligence models.<\/p>\n<p class=\"yf-1fy9kyt\">The company&#8217;s shares were flat in volatile \u200bextended trading following a jump in operating expenses.<\/p>\n<p class=\"yf-1fy9kyt\">Demand for services from the so-called neoclouds, such as CoreWeave and peer Nebius, has skyrocketed as companies race to secure the computing capacity required to develop and \u200crun AI models.<\/p>\n<p class=\"yf-1fy9kyt\">The company \u2060reported total revenue of $2.08 billion for the first quarter, compared with analysts&#8217; average estimate of $1.97 billion, according \u2060to data compiled by LSEG.<\/p>\n<p class=\"yf-1fy9kyt\">Its operating expenses more than doubled to $2.22 billion in the quarter.<\/p>\n<p class=\"yf-1fy9kyt\">The business model for AI infrastructure is exceptionally \u200bcapital-intensive. CoreWeave \u200bhas been in a race \u200bto build out data center \u200ccapacity to meet demand, a strategy that requires billions in upfront investment.<\/p>\n<p class=\"yf-1fy9kyt\">CoreWeave&#8217;s core advantage lies in its specialized infrastructure and a close relationship with AI chip bellwether <a href=\"https:\/\/finance.yahoo.com\/quote\/NVDA\/\" data-ylk=\"slk:Nvidia;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Nvidia&quot;}\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">Nvidia<\/a>, which grants it early and large-scale access to the most sought-after AI hardware.<\/p>\n<p class=\"yf-1fy9kyt\">This has made \u200cit a primary destination for AI \u200bstartups and, increasingly, enterprise clients looking to \u200bbypass the capacity constraints \u200bat larger cloud providers.<\/p>\n<p class=\"yf-1fy9kyt\">Just in the last month, \u200cCoreWeave struck an expanded $21 billion deal \u200bfor additional cloud \u200bcomputing capacity with Meta, a $6 billion deal with trading firm Jane Street and a third one with Anthropic.<\/p>\n<p class=\"yf-1fy9kyt\">The company had \u200ba revenue backlog \u200cof $99.4 billion as of March 31, compared to $66.8 billion \u200bat the end of December.<\/p>\n<p class=\"yf-1fy9kyt\">(Reporting by Juby Babu in \u200bMexico City; Editing by Sriraj Kalluvila)<\/p>\n","protected":false},"excerpt":{"rendered":"May 7 (Reuters) &#8211; CoreWeave Inc beat analysts&#8217; estimates for quarterly revenue on Thursday, as the specialized cloud&hellip;\n","protected":false},"author":2,"featured_media":629642,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[182,181,507,272326,155192,37799,74,272325],"class_list":["post-629641","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-capacity-constraints","tag-computing-services","tag-quarterly-revenue","tag-technology","tag-total-revenue"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/629641","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=629641"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/629641\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/629642"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=629641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=629641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=629641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}