CoreWeave stock pops 14% as revenue doubles on accelerating AI infrastructure demand

CoreWeave reported strong financial results that exceeded Wall Street expectations, with shares rising 14% in extended trading. The company, which provides infrastructure for artificial intelligence applications, demonstrated accelerating growth across multiple metrics.
Revenue increased 112% during the quarter compared to the prior year period. However, the company’s net loss expanded to $626 million from $290 million a year earlier. CoreWeave’s backlog reached $104 billion, not in