CoreWeave is trading 21.2% up now at $4.14 after reporting second-quarter revenue of $2.58 billion, up 112% year over year, while adjusted losses were narrower than expected.
- Revenue backlog reached approximately $104 billion, excluding more than $25 billion in additional early-Q3 commitments.
- The results reinforced strong AI-computing demand and drove the broader technology-sector rally.
- The move is primarily company-specific, with supportive market sentiment providing an additional tailwind.