Shares in AI-focused cloud provider CoreWeave dipped in after-hours trading after the firm maintained its revenue guidance for 2026 amid higher capital expenditure costs.
Investors have driven shares in the “neocloud” up around 80 percent so far this year, and up more than 200 percent since its market debut in March of last year, amid sustained demand for AI computing infrastructure.
Revenue more than doubled in the first quarter to $2.08 billion (£1.5bn), up from $981.8m a year earlier, while its net loss widened to $740m from $315m year-on-year.
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Capital spending
