CoreWeave Stock Surges Nearly 16% After Earnings, Analyst Says Old Nvidia GPUs Can 'Still Generate Revenue Nearly a Decade Later'
CoreWeave shares surged nearly 16% after earnings as analysts highlighted its $104 billion backlog and a 2029 Nvidia A100 contract.
CoreWeave's stock went up a lot after showing it has huge customer orders lined up. When a company has lots of future orders waiting, it hints that people trust it will keep making money for years ahead.
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