Nvidia-backed CoreWeave boosts 2026 spending plan, beats quarterly estimates

Published Aug 12, 12:56 AM UTC

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CoreWeave, a cloud computing company backed by Nvidia, announced it is increasing its 2026 capital expenditure forecast to between US$35 billion and US$39 billion, up from previous expectations. The company also reported quarterly results that beat analyst estimates, driven by surging demand for artificial intelligence infrastructure. CEO stated the company is securing cloud deals on favorable terms amid limited supply. The news was published by The Business Times Singapore on August 12, 2026.

Source

The Business TimesNeutral / independent

Original headline: Nvidia-backed CoreWeave boosts 2026 spending plan, beats quarterly estimates on AI demand surge

Original language: EN-US

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