Nvidia-backed CoreWeave rides AI wave in first results as public company

Quick Summary:

Nvidia-backed CoreWeave beat Wall Street estimate for quarterly revenue on Wednesday, in its first set of results as a public company, signaling strength in demand for the AI cloud computing startup's services.

Shares of the New Jersey-based company jumped 11 per cent in extended trading.

Through last close, they have risen 68 per cent since their muted Nasdaq debut in March.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Cloud Revenue Nvidia-backed Infrastructure Data Services Company Nasdaq March Demand Coreweave

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-15 @ 04:12:33 (4 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 315 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 28720687

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 3 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 5 hours ago

Coverage Areas: Singapore

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Publication Timezone: GMT +8:00

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Publisher ID: #27

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