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CoreWeave stock gains 23%

CoreWeave stock gains 23%

CoreWeave shares jumped 23% after the company reported a 168% increase in third-quarter revenue to $3.7 billion, beating analyst expectations. It raised its 2026 outlook to revenue of $13 billion to $13.3 billion and adjusted operating income of $1.275 billion to $1.375 billion. The CEO said orders for 2027 capacity are ten times greater than the company’s remaining capacity, and that it plans to issue asset-backed debt within a week or two, with an expected yield of 7% to 7.5%, to fund expansion and ease concerns about financing costs.

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