CoreWeave reported quarterly revenue of $3.66 billion, exceeding analyst estimates, with revenue up 168% year over year. The Nvidia-backed provider of artificial intelligence-focused cloud services raised its full-year revenue and operating-income guidance. The company nevertheless disclosed $47 billion in debt and forecast quarterly interest expenses of between $1.05 billion and $1.15 billion. Despite its strong growth, CoreWeave recorded a net loss of $709 million, raising concerns about its ability to finance its expansion and avoid bankruptcy.
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