CoreWeave shares rose 15.27% in premarket trading after the AI cloud provider reported $3.66 billion in third-quarter revenue, about 3.4% above the $3.54 billion analyst consensus compiled by Google Finance. The shares traded at $56.12 as of 12:50 p.m. UTC, according to Yahoo Finance.
CoreWeave also reported a revenue backlog of about $132.5 billion as of Sept. 30. That figure is revenue it expects to recognize under existing customer contracts, subject to delivery and service availability.
