CoreWeave beats third-quarter revenue estimates on AI computing boom

AI cloud provider CoreWeave beat Wall Street estimates for third-​quarter revenue on Monday, benefiting from surging ‌demand for its computing infrastructure that powers artificial intelligence workloads. Shares ‌of the company rose about 3% in extended trading. The stock has been volatile since its debut earlier this year, as investors weigh massive ⁠contract wins against ‌heavy spending and strategic setbacks.