CoreWeave (CRWV.US) Q3 revenue surged 168% year-over-year; raises full-year revenue guidance; shares rose about 5% after hours at one point.

Zhitong Finance APP has learned that CoreWeave (CRWV.US), an AI cloud computing service provider, reported third-quarter results on Tuesday showing that, benefiting from continued growth in AI computing demand, the company's quarterly revenue rose 168% year over year, exceeding Wall Street expectations, and it raised its full-year revenue guidance. The report somewhat eased investors' concerns about the company's high debt levels and slowing business growth, driving its shares up about 5% at one point in after-hours trading.