CoreWeave slides as surging capex, backlog risks overshadow small revenue beat

Tehnologie

Feb 26 : CoreWeave forecast that its capital expenses for the year will double, as it spends heavily to scale up its AI cloud platform to handle the massive computing power demanded by its customers to train and deploy advanced AI models. Its shares slumped 10 per cent in after-hours trading. The company expects capital expenditure of at least $30 billion in 2026, its co-founder and CEO Michael Intrator said on a call with analysts. Last year, its capital costs were $15.4 billion. CoreWeave, a

CoreWeave slides as surging capex, backlog risks overshadow small revenue beat https://www.channelnewsasia.com/ - 27.02.2026 01:28

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CoreWeave slides as surging capex, backlog risks overshadow small revenue beat https://www.channelnewsasia.com/ - 27.02.2026 01:28