CoreWeave gains on quarterly revenue beat
CRWV•Shares rise after quarterly revenue beat
** Shares of AI cloud company CoreWeave CRWV.O were up 6.9% at $96.60 in extended trading.
** The company edged past second-quarter revenue estimates, driven by strong demand for its computing services that power AI systems.
** It posted second-quarter revenue of $2.58 billion, compared with analysts' estimate of $2.56 billion, according to data compiled by LSEG.
** Technology and infrastructure expenses surged 125% to $1.51 billion in the quarter.
** Shares are up 26.1% year to date.
