(Reuters) -Coreweave exceeded Wall Street estimates for the second quarter income on Tuesday, motivated by the application for acceleration of the services of the Computing Computing Computing supported by Nvidia.
The company offers access to data centers and NVIDIA chips, which are very coveted by companies to train and execute large models of AI in the midst of intense competition.
Coreweave, which currently has 33 AI data centers up to the United States and Europe, focuses only on GPU-based operations.
The company’s operating expenses reached $ 1.19 billion in the quarter, compared to $ 317.7 million per year.
The actions of Coreweave de Livingston, in New Jersey, fell 6% in the trade after the bell. The stock has won almost three times since its IPO in March.
The rear of the income was $ 30.1 billion on June 30, the company said.
Coreweave said turnover of $ 1.21 billion for the second quarter, compared to the average estimate of $ 1.08 billion analysts, according to data compiled by LSEG.
(Report by Juby Babu in Mexico City; edition by Sriraj Kalluvila)
