CoreWeave slides as surging capex, backlog risks overshadow small revenue beat

By Anhata Rooprai and Krystal Hu Feb 26 (Reuters) - CoreWeave (CRWV) expects capital expenditure to double this year, it said on Thursday, as it spends heavily to scale up its AI cloud platform to handle the massive computing power its customers demand ‌for training and deploying advanced AI models. Its shares slumped more than 9% in premarket trading on Friday. The cloud infrastructure technology company expects capital expenditure between $30 billion and $35 billion in 2026, up from $14.9 billion in ...