According to Reuters, CoreWeave reported first quarter revenue of $2.08 billion on May 7, beating analysts’ average estimate of $1.97 billion. Strong demand for high-performance computing used to train and run AI models drove the cloud provider’s growth. Its shares rose 3% in extended trading following the results.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Cloudflare announces global layoffs of 20%, with AI usage increasing by more than 600% over three months
According to Reuters on May 7, US internet infrastructure and security company Cloudflare (NYSE: NET) announced layoffs of about 20% of its global workforce, or more than 1,100 people, citing business restructuring around the application of AI tools. Cloudflare CEO Matthew Prince said in a statement that the company’s AI usage has increased by over 600% in the past three months.
MarketWhisper18m ago
Mirae Asset Securities U.S. Subsidiary Joins DTCC Tokenization Working Group on May 8
Mirae Asset Securities' U.S. subsidiary joined the DTCC tokenization working group on May 8, becoming the only domestic Korean financial subsidiary to participate. The group, led by the U.S. Securities Depository Trust & Clearing Corporation, includes global financial institutions such as JP
GateNews32m ago
Airbnb Lifts Full-Year Outlook Despite Iran Conflict Impact
Airbnb raised its full-year revenue growth outlook to the low to mid teens from 12% following a strong first quarter, though the company warned that geopolitical tensions are creating headwinds. According to CNBC, the company reported Q1 revenue up 18% year on year with net income of US$160
CryptoFrontier52m ago
U.S. Crypto Stocks Decline in Today's Close; American Bitcoin Falls 7.2%
According to msx.com data, U.S. stock market closed lower today (May 8), with the Dow Jones down 0.63%, S&P 500 down 0.38%, and Nasdaq down 0.13%. Crypto stocks fell sharply, with American Bitcoin declining 7.2%, Hut 8 down 7.12%, Circle down 7.02%, Bullish down 7.02%, and DeFi Development down 5.33
GateNews1h ago
The Trade Desk stock price has fallen more than 85% from its peak, and slowing growth has triggered a valuation reappraisal
Advertising technology company The Trade Desk (TTD) saw its stock price plunge again after it released its first-quarter 2026 earnings report on Wednesday. Shares are down more than 40% since the start of the year, and are down as much as 85% from the peak at the end of 2024. Q1 revenue was $689 million, up 12% year over year. The company forecast Q2 revenue of at least $750 million, below market expectations, implying that the Q2 growth rate could fall further to around 8%.
MarketWhisper1h ago
