AI competitions are too costly! CoreWeave (CRWV.US) had a significant increase in losses in Q2, and the Q3 guidance is disappointing.

According to the Wise Finance APP, after the US stock market on Tuesday, "NVIDIA's son" CoreWeave (CRWV.US) suffered even more severe losses due to its continued expansion, and its third-quarter operating profit guidance was lower than expected. The stock fell by 11% after hours. The financial report shows that CoreWeave's second-quarter revenue doubled year-on-year to $1.21 billion, better than the market's expected $1.08 billion; the adjusted net loss expanded to $130.8 million, compared to $5 million in the same period last year. Analysts had previously predicted a loss of $96.3 million.