Angelica Ballesteros
2 min read
CoreWeave Inc. (NASDAQ:CRWV) is on the AI Stocks Dominating List of Biggest Winners.
CoreWeave saw its share price surge by 24.71 percent on Wednesday to finish at $60.77 apiece, as investor sentiment was bolstered by its stellar revenue performance in the third quarter of the year, which helped allay concerns about AI infrastructure buildout.
During the period, CoreWeave Inc. (NASDAQ:CRWV) raked in revenues of $3.661 billion, marking growth of 168 percent from the $1.365 billion in the same period last year, thanks to customer wins across AI labs, hyperscalers, and enterprises.
Photo by Tima Miroshnichenko on Pexels
Revenue backlog also stood at $132.5 billion as of the end of September 2026.
Net loss, however, widened by 544 percent to $709 million from $110 million.
“This was a breakout quarter for CoreWeave, with revenue increasing by more than $1 billion sequentially and adjusted operating margins reaching double digits a quarter ahead of plan,” Chairman and CEO Michael Intrator said.
“Our growth is supported by multiple sources of funding, including financing backed by customer contracts, operating cash flow, and approximately $9 billion in customer prepayments and deposits expected in the next three months alone. That financial flexibility positions us to keep delivering the infrastructure and software customers need to build, run, and scale AI,” he added.
Following the results, CoreWeave Inc. (NASDAQ:CRWV) raised its revenue growth guidance to a range of $13 billion to $13.3 billion, as well as its operating income guidance to between $1.275 billion and $1.375 billion.
While we acknowledge the risk and potential of CRWV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 Stocks Analysts Are Upgrading Right Now and Jim Cramer’s Top 10 Dividend Stocks for Safe, Consistent Returns
Disclosure: None. Follow Insider Monkey on Google News.
