CoreWeave Lifts 2026 Forecast to $13.3 Billion Despite Heavy Debt Load
CoreWeave beat sales expectations and raised its 2026 targets, even as borrowing costs climb and the company manages nearly $47 billion in debt.
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CoreWeave beat sales expectations and raised its 2026 targets, even as borrowing costs climb and the company manages nearly $47 billion in debt.
CoreWeave shares surged nearly 25% following a strong third-quarter report that topped forecasts and lifted full-year projections, easing investor concerns over debt.
Upcoming earnings from cloud and infrastructure providers will test investor confidence following a turbulent week of market sell-offs.
Neocloud provider IREN pushed back $4 billion in projected annual revenue to early 2026 after Microsoft asked to upgrade data center networking for frontier AI models.