CoreWeave surges 26% on blowout Q3 and $132.5B backlog
The AI cloud provider posted a revenue and loss beat and its backlog jumped, driving its biggest one-day gain since April 2025.
What we know
CoreWeave is up about 26% after Q3 revenue of $3.66B versus $3.55B expected, up 168% year on year, with backlog rising to $132.5B from $104B in June (per a market news account). It comes as Nasdaq is up roughly 2% in a broad rebound, and as one commentator notes Google's free cash flow has turned negative with $51B of quarterly AI capex.
What people are posting
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“$CRWV is up about 26% today”
View post →“Google just burned through $9.1 BILLION in free cash flow in one quarter”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.