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CoreWeave hits $55B backlog as AI infrastructure demand outpaces cloud supply

CoreWeave hits $55B backlog as AI infrastructure demand outpaces cloud supply

CoreWeave's Q3 revenue reached $1.4 billion, up 134% year-over-year, while adding $25 billion to its backlog in a single quarter. The specialized AI cloud provider now counts triple the number of customers spending over $100 million annually compared to last year, signaling enterprise AI adoption is accelerating faster than infrastructure can scale.

ViaNews Editorial Team (Markets)