FILE PHOTO: A screen displays the company logo for CoreWeave during the company's IPO at the Nasdaq Market, in New York City, U.S., March 28, 2025. REUTERS/Brendan McDermid/File Photo
(Reuters) -CoreWeave easily topped quarterly revenue estimates on Tuesday as the rapid adoption of artificial intelligence tools boosted demand for its cloud services, but a bigger-than-expected net loss sent its shares slumping 10% after the bell.
The company currently operates 33 AI data centers across the U.S. and Europe and offers access to backer Nvidia's chips, which are highly coveted by enterprises to train and run large AI models amid intense competition.
