CoreWeave reported earnings that topped analysts’ forecasts and upgraded its revenue outlook. The news helped lift a range of technology stocks on Wednesday, after a sell‑off the week before. Traders also looked at the results for clues about Anthropic, CoreWeave’s biggest customer, which is set to go public next week. The company still carries about $41 billion of net debt and its shares are down 20% year‑to‑date.
Why it matters
A stronger CoreWeave outlook eases investor concerns about the health of the AI supply chain, especially for Anthropic’s upcoming IPO.
