CNBC
Coreweave surges 18% in premarket after a 'cleaner quarter'. Here's what's happening
Wednesday, August 12, 2026
Coreweave's stock price increased 18% in premarket trading following the release of second-quarter financial results showing revenue doubled compared to the prior year period. The company provides cloud infrastructure services to artificial intelligence developers and large technology companies. Coreweave reported the revenue growth was driven by demand for its GPU computing capacity from major technology firms.
Original reporting: https://www.cnbc.com/2026/08/12/coreweave-q2-earnings-ai-demand.html