CoreWeave (NASDAQ:CRWV), an Nvidia (NASDAQ:NVDA)-backed company, remains in a bear market after falling 52% from its all-time high.
The stock ended the week at $90.60, well above its July low, as investor focus now shifts to the company’s second-quarter earnings report.
CoreWeave Stock in Focus Ahead of its Earnings CoreWeave, the biggest neocloud company, will be in the spotlight next week as it publishes its financial results.
These results will provide more color about its revenue growth, backlog, and capital expenditure plans.
The most recent earnings showed that its revenue jumped to over $2.07 billion in the first quarter from $982 million in the same period last year.
