"CoreWeave's first public earnings report showcases its explosive growth, riding the demand for AI infrastructure and attracting attention from major investors."
"Being backed by NVIDIA places CoreWeave in a strategic position to challenge industry giants like AWS, Azure, and Google Cloud in GPU-intensive workloads."
CoreWeave is set to report its first earnings as a public company, with estimates predicting a loss per share yet showing considerable revenue growth. The company's revenue skyrocketed from $229 million to $1.9 billion in just one year, driven by AI infrastructure demands. Support from NVIDIA and institutional investors establishes CoreWeave as a potential competitor to major cloud services such as AWS and Google Cloud. Key areas of investor interest include GPU supply, margin sustainability, and future growth projections.
Read at 24/7 Wall St.
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