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CoreWeave Stock Rises 15% Premarket After Q3 Revenue Exceeds Estimates
(1 hour ago) · 1 source · Summarized by CryptoBipto
CoreWeave, a cloud computing company focused on GPU infrastructure, saw its stock jump approximately 15% in premarket trading after reporting third-quarter revenue that beat analyst estimates. The company provides computing infrastructure used in AI and other high-performance workloads.
WHY IT MATTERS
CoreWeave is a company that rents out powerful computer chips called GPUs, which are used for artificial intelligence and, historically, for cryptocurrency mining.
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SOURCES
- cointelegraph.com
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