CoreWeave’s (NASDAQ: CRWV) Q2 results sparked a rally in its stock price and the broader market, as they reveal the AI spending bubble is still growing. Results were arguably tepid relative to consensus, with revenue outpacing the midpoint target by a mere 80 basis points, but the bar was set high.
The growth was exceptional. Critical details include the 113% year-over-year revenue growth, record-setting results, and a rapidly swelling backlog.
