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CoreWeave AI Cloud Backlog Reaches $104B Signaling Bullish Compute Demand

Motley Fool Read original source (opens in a new tab)
The Story

News Summary

  • CoreWeave reported Q2 revenue up 112% to $2.58 billion, raised 2026 guidance, and grew its revenue backlog to $104.2 billion.
  • Surging demand for AI data centers and agentic compute workloads highlights sustained momentum for AI infrastructure and primary chip supplier Nvidia.
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NVDA price history

218.29 +19.87% over the displayed period

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