CoreWeave shares surged nearly 20% on Wednesday after reporting second-quarter revenue of $2.6 billion, up 112% year-on-year. Amsterdam-headquartered, Nasdaq-listed Nebius jumped 34%, with quarterly revenue reaching $575 million, a 514% increase. CoreWeave’s revenue backlog stood at $104 billion as of June 30, plus $25 billion in new customer commitments for the third quarter. Meta said it would spend an additional $21 billion with CoreWeave during the quarter. Citi analysts described it as one of the cleaner quarters for CoreWeave since its IPO last year.
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