Applied Digital

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Markets3 days ago

CoreWeave jumps 24% after Q3 revenue surges 168% to $3.7B

CoreWeave shares surged nearly 25% following a strong third-quarter report that topped forecasts and lifted full-year projections, easing investor concerns over debt.

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Words to know

operating incomeThe profit a business earns from core operations after taking away operating expenses.asset-level debtA loan secured by specific physical assets rather than backed only by the general credit of the parent company.unsecured debtA loan that is not backed by any specific physical collateral.Data CenterA large facility housing computer systems and associated components for storing and processing massive amounts of data.GuidanceWhat a company says it expects to earn in the coming months.RevenueAll the money a company takes in from sales, before costs.