Gulf News · 1 hour ago

CoreWeave rallies 7% as AI demand outweighs debt fears

11 Nov 2026 · Cairo time

Dubai: CoreWeave raised its 2026 revenue forecast after third-quarter sales jumped 168 per cent to $3.66 billion. Shares rallied about 7 per cent in extended trading on November 10. Revenue beat the $3.55 billion analysts expected. Backlog reached $132.5 billion at the end of September, up from $104 billion in June. The company now projects 2026 revenue of $13 billion to $13.3 billion. Adjusted operating income guidance rose to $1.275 billion to…

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