Episode Details

Back to Episodes
CoreWeave Surprises Wall Street | Raleigh News

CoreWeave Surprises Wall Street | Raleigh News

Published 4 days, 14 hours ago
Description

CoreWeave stunned Wall Street with a blockbuster Q2 earnings report, smashing revenue expectations and narrowing losses—sparking a 43% stock surge in just two days. CEO Mike Intrator called it an “exceptional quarter,” as the company added 500 megawatts of capacity, now totaling 1.5 gigawatts, with a new 1.85 gigawatt target by year-end. Bank of America reaffirmed its “Buy” rating and $140 price target, citing rising margins and newfound pricing power, with projections of 25-30% operating margins as capacity scales.

Listen in comfort:
Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn.

Advertise on DNN:
advertise@thednn.ai

This is an automated, high-level news summary based on public reporting.
Report issues to feedback@thednn.ai.

View sources & latest updates:
https://sources.thednn.ai/bcd87c096fbe2f2f

Listen Now

Love PodBriefly?

If you like Podbriefly.com, please consider donating to support the ongoing development.

Support Us