AI Infrastructure Revenue Hits $2.58B, Sending CoreWeave Shares Up 16%

Woofun AI reports that CoreWeave (CRWV) shares jumped 16% in pre-market trading on Wednesday, driven by robust growth metrics and an elevated full-year outlook that energized the broader neocloud market. This sharp price action for the AI infrastructure provider signals renewed investor confidence in the sector's scalability despite broader market volatility.

Second-quarter revenue more than doubled to $2.58 billion, narrowly surpassing analyst expectations, while the net loss of $626 million proved smaller than projected. Looking ahead, the company forecast third-quarter sales between $3.45 billion and $3.6 billion.

Woofun AI data shows this financial trajectory supports the decision to raise 2026 revenue guidance to a range of $12.4 billion to $13.2 billion.

The firm concluded the quarter with $104 billion in contracted business, adding over $25 billion in customer commitments post-period.

Notably, recently signed deals feature margins five to 10 percentage points higher than recent levels, reflecting scarce capacity. This momentum spilled over to peers, with IREN (IREN) and Cipher Digital (CIFR) both recording a 5% gain as investors targeted AI computing beneficiaries.

These results highlight a widening market divide where AI infrastructure attracts capital, customers, and premium valuations. In contrast, bitcoin trades below $64,000, illustrating how the broader crypto trade struggles to match the sector's momentum. This divergence marks a structural shift in institutional preference toward tangible compute assets.