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CoreWeave shares surge after results ease AI-spending fears

Investors had been spooked by CoreWeave’s debt load, and its shares were down 32% for the year at Tuesday’s close. Then the company reported $3.7 billion in revenue, above expectations, and set 2026 revenue guidance at $13 billion to $13.3 billion—above both its previous range and Wall Street’s estimates. Its backlog reached $133 billion at quarter-end. Forbes Middle East said the results helped ease fears about AI spending; CoreWeave shares were up 21.5% by 10:30 a.m. EST Wednesday. That was a striking early measure of the renewed enthusiasm, not a closing move.

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