CoreWeave shares climbed approximately 10% on Wednesday, November 11, leading a rebound across AI-focused cloud infrastructure stocks. The company reported third-quarter 2026 results that exceeded Wall Street’s expectations, with revenue of $3.66 billion, up 168% year over year. CoreWeave also raised its full-year 2026 revenue forecast to between $13.0 billion and $13.3 billion, while remaining performance obligations reached roughly $132.5 billion to $133 billion. To ease investor concerns, management said it plans to avoid new unsecured debt at the parent-company level and expects roughly $9 billion in customer prepayments and deposits to help finance expansion. The combined market value of AI cloud companies could have risen by more than $25 billion, with Nvidia gaining about 5% after two sessions of declines.
Source: Read the original article
