CoreWeave Triples Revenue to $1.2B in Q2, Stock Tanks in After Hours Trade

In brief CoreWeave’s revenue has tripled while its order backlog grew, but losses persisted and operating margins compressed to just 2% from 20% a year ago. Shares fell by 10% after-hours as thinner margins and a bigger loss rattled investors. Observers flagged how depreciation of CoreWeave’s current hardware may mask losses, and rivals catching up...