CoreWeave Posts Sales Surge, Wider Loss After Spending Boom

AI data center operator CoreWeave Inc. posted higher sales than anticipated last quarter, but also a wider loss, after the company spent heavily to bolster its operations and meet burgeoning demand.

Sales more than doubled to $2.08 billion, the company said in a statement Thursday. That topped analysts’ $1.97 billion average estimate, according to data compiled by Bloomberg. CoreWeave also said its backlog — a closely watched measure — hit almost $100 billion in the quarter.