AI cloud provider CoreWeave reports $104bn backlog and raises capex target

CoreWeave (CRWV.O) lifted its annual capital spending forecast ‌this week after beating second-quarter estimates, betting on a surge in demand for its AI cloud computing services, sending the company’s shares more than 14 per cent higher in extended trading. The AI cloud company…

To respect copyright, we link to the source rather than republishing the full text. Read the complete article on Cyprus Mail.