CoreWeave lifted technology shares with 168% quarterly revenue growth
CoreWeave’s third-quarter results lifted technology shares, reviving confidence in AI-related equities, as the company reported revenue growth of 168% to $3.7 billion and forecast full-year revenue of $13.0 billion to $13.3 billion, above market expectations of about $12.86 billion, ActionForex reported.
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Taiwan equities gained 3.6%, South Korea’s KOSPI rose 2.60% and Japan’s Nikkei climbed 1.31%; Nasdaq-100 futures were up nearly 2%, according to ActionForex.
The report also cited about $9 billion in customer prepayments and deposits, which ActionForex said offered reassurance about demand for AI infrastructure. The outlet cautioned that the rebound remained concentrated in technology rather than signaling a broader improvement in equity-market sentiment.
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