CoreWeave (CRWV.US) Q3 revenue surged 168% year-on-year; full-year revenue guidance raised; shares rose about 5% after hours

According to Jin Zhi Finance APP, artificial intelligence cloud computing service provider CoreWeave (CRWV.US) released its third-quarter financial report on Tuesday, showing that driven by the continued growth in demand for AI computing power, the company’s quarterly revenue increased by 168% year-on-year, exceeding Wall Street expectations, and it raised its full-year revenue guidance. This financial report has to some extent alleviated investors’ concerns about the company’s high debt and slowing business growth, pushing its share price up by about 5% in after-hours trading.