CoreWeave Earnings Lift Shares and AI Stocks

CoreWeave’s third-quarter results lifted its shares and helped drive a wider rebound in AI-related stocks on Wednesday, as the company reported rapid revenue growth and raised its 2026 forecast. The rally came despite a quarterly net loss and significant interest costs, keeping questions about the expense of its expansion central to the company’s outlook.

Revenue for the quarter reached $3.66 billion, up 168% from a year earlier. CoreWeave raised its 2026 revenue forecast to $13 billion to $13.3 billion. The company also reported a $709 million GAAP net loss and $846 million in net interest expense for the quarter.

CoreWeave shares rose during Wednesday trading after falling sharply in recent weeks. Reports at different points in the session put the increase between about 10% and nearly 26%; those figures reflect intraday observations, not a single closing move. The Nasdaq Composite also advanced, while Nvidia and other AI infrastructure companies gained.

Management said CoreWeave expects about $9 billion in customer prepayments and deposits over the next three months. It also said the company does not intend to issue additional parent-level unsecured debt through 2027. Those...