CoreWeave Defies AI Jitters

It's Benzinga, bringing Wall Street to Main Street. CoreWeave shares surged 24.71% Wednesday, their best day since April 2025, after the company beat quarterly earnings estimates and raised its full-year guidance, according to CNBC. Third quarter revenue jumped 168% to $3.7 billion. CEO Michael Intrator said, demand for AI infrastructure remains overwhelming, with capacity oversubscribed for 2027 and 2028. CoreWeave eased investor concerns over rising debt costs by outlining additional financing options for its data center expansion. Intrator said the company plans to launch additional asset-level debt financing at an expected interest rate of 7% to 7.5%. CoreWeave now expects $13 billion to $13.3 billion in annual revenue, above analysts' $12.86 billion estimate. Shares of fellow neocloud companies Nebius, Applied Digital, and iRen also climbed Wednesday. For all things money, visit Benzinga.com.