AI computing power cloud service provider CoreWeave announced its second quarter performance, with revenue of $2.575 billion, a year-on-year increase of 112%, higher than the expected $2.56 billion. CoreWeave's revenue backlog orders reached $104 billion, an increase from $99.4 billion at the end of the first quarter. The CEO of CoreWeave stated that the expected profit margin for signing contracts in the second quarter is 5-10 percentage points higher than for newly added contracts in recent quarters. According to BIT (bit. com) market data, CoreWeave closed up 2.42%, and its stock price surged over 16% after hours.
