CoreWeave Stock Surges Over 18% After Earnings, Analyst Says Old Nvidia GPUs Can 'Still Generate Revenue Nearly a Decade Later' (UPDATED)
CoreWeave shares surged nearly 16% after earnings as analysts highlighted its $104 billion backlog and a 2029 Nvidia A100 contract.
CoreWeave's stock jumped after showing strong business growth and lots of future orders. When a company has a big backlog of orders waiting to be filled, it suggests customers trust them and they'll have work for a long time.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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