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00:03CoreWeave raised its annual capital spending forecast after beating second quarter estimates
00:07as demand for its AI cloud computing services increased.
00:11The AI cloud company raised its 2026 revenue and adjusted operating profit targets as its
00:16order book grew, prices increased, and more computing capacity came online.
00:21Second quarter revenue more than doubled to $258 billion, topping estimates of $256 billion.
00:28Its adjusted loss of $1.03 per share was narrower than expectations for a $1.20 loss.
00:34CoreWeave reported a revenue backlog of $104.2 billion, up from $99.4 billion in the first
00:40quarter.
00:41It has secured more than $25 billion in new customer commitments so far this quarter.
00:46The company now expects full-year capital expenditures of $35 billion to $39 billion, up from its
00:52prior forecast of $31 billion to $35 billion.
00:54shares rose more than 14% in extended trading.
00:58For all things money, visit Benzinga.com.
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