CoreWeave, a US-based cloud infrastructure provider for AI workloads, raised its 2026 revenue forecast on November 10 to between US$13 billion and US$13.3 billion, citing stronger demand for AI infrastructure and expecting to deliver infrastructure to customers sooner than planned.

Its shares rose 5% in extended trading after the update. The company also raised the low end of its 2026 capital spending plan to US$37 billion from US$35 billion. It kept the upper end at US$39 billion as it accelerates data center deployment.

Third-quarter revenue reached US$3.66 billion, above analysts’ estimate of US$3.54 billion.

Net loss widened to US$709 million from US$110 million a year earlier. Net interest expense also rose to US$846 million from US$310 million as CoreWeave expanded its infrastructure.

🔗 Source: Reuters