CoreWeave Stock Is Rising After Hours: Here's Why

Benzinga

CoreWeave shares rose in Wednesday’s after-hours session, according to Benzinga. Trading giant Jane Street disclosed a 5.4% passive stake, purchasing about 19.95 million shares as of August 13th, according to regulatory filings. Shares have been declining since late June after a post-IPO surge, leaving them well below their 52-week high of $187. CoreWeave reported second-quarter revenue of $1.21 billion, above estimates of $1.08 billion, but posted a loss of 27 cents per share, wider than the expected 17 cents per share loss. Several analysts maintained neutral ratings, suggesting shares may be fully valued despite the recent pullback. The company provides Nvidia GPU access for technology and AI-focused firms.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:03CoreWeave shares rose in Wednesday's after-hour session, according to Benzinga.

00:07Trading giant Jane Street disclosed a 5.4% passive stake, purchasing about 19.95 million

00:14shares as of August 13th, according to regulatory filings.

00:18Shares have been declining since late June after a post-IPO surge, leaving them well

00:23below their 52-week high of $187.

00:26CoreWeave reported second-quarter revenue of $1.21 billion, above estimates of $1.08

00:34billion, but posted a loss of $0.27 per share, wider than the expected $0.17 per share loss.

00:41Several analysts maintained neutral ratings, suggesting shares may be fully valued despite

00:46the recent pullback.

00:47The company provides NVIDIA GPU access for technology and AI-focused firms.

00:52For all things money, visit Benzinga.com.

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