Core Weave Overview - Core Weave's backlog has increased significantly to $55 billion from $30 billion at the end of the second quarter, largely due to $20 billion worth of contracts signed with OpenAI and Meta [2] - The operating income margins showed better-than-expected performance, alleviating previous concerns about potential underperformance [3][4] Market Position and Demand - The company is positioned to provide swing capacity to hyperscalers like Microsoft, Amazon, and Google, which may rely on Core Weave when they cannot meet their own capacity needs [6] - Core Weave's contracted revenue is expected to remain stable even if AI demand pulls back, as contracts are typically multi-year in nature [7] Challenges and Opportunities - The failure of the Core Scientific deal, which would have accelerated Core Weave's access to additional capacity, poses a challenge for the company [9][10] - Without the Core Scientific acquisition, Core Weave will need to seek other partnerships to fill its pipeline, such as deals with other crypto miners [11]

Core Viewpoint - The cloud-computing company exceeded revenue and earnings expectations due to CoreWeave securing several large cloud deals in the third quarter [1] Financial Performance - The company reported better-than-expected revenue and earnings for the third quarter [1]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive adopts technology to enhance workflows and improve content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Core Insights - The data-center operator reported a significant sales backlog of $55 billion following a quarter characterized by rapid dealmaking [1] Group 1 - The company has achieved a sales backlog of $55 billion, indicating strong demand and growth potential in the data center sector [1]

CoreWeave Overview - CoreWeave raised $1.5 billion in its initial public offering, reflecting stock market volatility impacting demand for new listings [1] - The company reported better-than-expected third-quarter revenue, with a 134% increase from $583.9 million a year ago [2] Financial Performance - CoreWeave's net loss narrowed to $110 million from approximately $360 million in the same quarter last year [2] - Revenue for the quarter was reported at $1.36 billion, exceeding the expected $1.29 billion [6] Business Growth and Contracts - The company's growth is closely linked to the AI boom, renting out Nvidia graphics processing units and securing business from major cloud providers like Google and Microsoft [3] - CoreWeave's backlog reached $55.6 billion, with contracted power increasing to 2.9 gigawatts from 2.2 gigawatts as of June 30 [3] - During the quarter, CoreWeave announced a $6.5 billion expansion with OpenAI and a six-year deal with Meta valued at up to $14.2 billion [4] Stock Performance - CoreWeave went public on the Nasdaq in March, selling shares at $40 each, and the stock closed at $105.61, representing a 164% return [4] - The Nasdaq index gained 32% over a similar period [4] Acquisition Attempt - Less than four months post-IPO, CoreWeave intended to acquire Core Scientific for $9 billion, but the deal was rejected by Core Scientific shareholders [5]

Back to market on close. Core Weef will be in the spotlight this afternoon when the company reports earnings after the closing bell. Estimates are for a loss of 39 cents per share on revenue of $1.28% billion.Investors will be waiting for updates on large contracts announced with Meta and Nvidia and how they'll impact the bottom line. Shares are down more than 40% from June's all-time high right now. The stock finished more than 20% lower just last week.So that means it's time for Options Corner. of course ...

Mergers and Acquisitions - Pfizer agreed to acquire Metsera, a weight-loss drug start-up, for up to $86.25 per share, valuing the deal at over $10 billion. Pfizer will pay $65.60 in cash per share and additional contingent payments of up to $20.65 per share [3][4] - Metsera's board stated that Pfizer's revised bid represents the best transaction for shareholders in terms of value and certainty of closing, surpassing a previous bid from Novo Nordisk [3] Stock Movements - Metsera's stock dropped 15% to $70.75 following the acquisition announcement [3] - Nvidia's shares rose 3.1% after a 7% decline the previous week, attributed to optimism regarding the end of the government shutdown [5] - Tesla's stock gained 2.2% after a 3.7% decline on Friday, following shareholder approval of a significant pay package for CEO Elon Musk [6] Earnings Reports and Guidance - CoreWeave is expected to report quarterly earnings, with analysts predicting a loss of $0.40 per share on revenue of $1.26 billion [11] - Monday.com declined 15% after reporting third-quarter earnings that exceeded estimates but provided fourth-quarter revenue guidance below expectations [9] Other Notable Developments - Rumble's stock rose 17% after announcing an agreement to acquire Northern Data for up to $970 million [8] - TreeHouse Foods jumped 20% to $22.85 after agreeing to be taken private by Investindustrial in a $2.9 billion all-cash transaction [8] - Visa and Mastercard shares rose 0.2% amid reports of a potential settlement with merchants to lower fees and enhance their negotiating power [10]

Core Insights - CoreWeave, backed by Nvidia, has revised its annual revenue forecast downwards due to a delay from a third-party data center partner, impacting its stock price which fell over 10% in early trading [1] - The new revenue forecast for 2025 is between $5.05 billion and $5.15 billion, lower than the previous estimate of $5.15 billion to $5.35 billion and below analysts' expectations of $5.29 billion [2] Financial Performance - CoreWeave's third-quarter revenue more than doubled to $1.36 billion, surpassing the estimate of $1.29 billion [3] - The adjusted operating income margin decreased to 16% in the third quarter from 21% a year earlier [5] Strategic Partnerships - CoreWeave has established itself as a significant infrastructure partner, securing multibillion-dollar contracts, including a $14 billion deal with Meta Platforms and a $6.5 billion contract with OpenAI [3] Future Outlook - The company anticipates capital spending to more than double in 2025, projecting expenditures between $12 billion and $14 billion [4] - CoreWeave is transitioning from a large-scale Ethereum miner to a cloud platform supporting AI applications, indicating a strategic shift in its business model [4] Market Challenges - The company faces potential margin pressures due to rising AI chip prices, increased competition for computing power, and high costs associated with expanding its cloud infrastructure [6]

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 workload... ...

Financial Performance - CoreWeave reported third quarter 2025 revenue of $1,364.7 million, a 134% increase from $583.9 million in the same quarter of 2024[3] - The operating income for the third quarter was $51.9 million, with an operating income margin of 4%, down from 20% in the prior year[3] - Net loss for the quarter was $110.1 million, improving from a net loss of $359.8 million in Q3 2024, resulting in a net loss margin of 8% compared to 62%[3] - Adjusted EBITDA for the quarter was $838.1 million, with an adjusted EBITDA margin of 61%, slightly down from 65% in the previous year[4] - For the three months ended September 30, 2025, the company reported a net loss of $110,124 thousand, compared to a net loss of $359,807 thousand for the same period in 2024, representing a 69% improvement year-over-year[28] - Revenue for the third quarter of 2025 was $1,364,676 thousand, a significant increase from $583,941 thousand in the third quarter of 2024, marking a 134% year-over-year growth[30] - Adjusted EBITDA for the three months ended September 30, 2025, was $838,124 thousand, compared to $378,757 thousand in the same period of 2024, reflecting a 121% increase[28] - The adjusted operating income margin for the third quarter of 2025 was 16%, down from 21% in the same quarter of 2024[30] - The net loss margin for the third quarter of 2025 was (8)%, an improvement from (62)% in the same quarter of 2024[33] Financial Position - Total assets increased to $32,910,498 thousand as of September 30, 2025, up from $17,832,599 thousand at December 31, 2024, representing an increase of 84.4%[22] - Current assets rose to $4,731,283 thousand, compared to $1,916,249 thousand at the end of 2024, marking a 146.5% increase[22] - Total liabilities increased to $29,032,484 thousand as of September 30, 2025, up from $16,524,086 thousand at December 31, 2024, an increase of 75.5%[22] - Cash, cash equivalents, and restricted cash at the end of the period totaled $2,968,691 thousand, compared to $1,922,050 thousand at the end of September 2024, a 54.4% increase[26] - The company reported $4,019,861 thousand in proceeds from the issuance of debt for the three months ended September 30, 2025, compared to $1,507,580 thousand in the same period of 2024[26] - The total stockholders' equity improved to $3,878,014 thousand as of September 30, 2025, from a deficit of $413,598 thousand at the end of 2024[23] Capital Expenditures and Investments - The company incurred $3,278,786 thousand in capital expenditures for the three months ended September 30, 2025, compared to $1,215,155 thousand in the prior year[26] - CoreWeave entered a multi-year deal with Meta valued at approximately $14.2 billion to support next-generation workloads[9] - The company expanded its partnership with OpenAI, increasing total commitments to approximately $22.4 billion[9] - CoreWeave announced a strategic collaboration with NVIDIA valued at $6.3 billion to scale GPU infrastructure and accelerate AI innovation[9] Operational Metrics - CoreWeave added approximately 120 MW of active power in the quarter, bringing total active power to approximately 590 MW[9] - The company reported a significant increase in accounts receivable, netting $1,659,229 thousand as of September 30, 2025, compared to $416,526 thousand at December 31, 2024, an increase of 297.5%[22] Expenses - The company incurred stock-based compensation of $144,431 thousand in Q3 2025, compared to $7,617 thousand in Q3 2024, indicating a substantial increase in compensation expenses[33] - The company reported interest expense of $310,555 thousand for the third quarter of 2025, up from $104,375 thousand in the same quarter of 2024[28] - Acquisition-related costs for the third quarter of 2025 amounted to $11,364 thousand, while there were no such costs reported in the same period of 2024[33] - The company’s depreciation and amortization expenses for Q3 2025 were $630,479 thousand, compared to $254,024 thousand in Q3 2024, indicating a significant increase in asset-related expenses[28]