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*COREWEAVE EYES AT LEAST $4B FROM INVESTMENT-GRADE LOAN SALE
*COREWEAVE SHARES FOLLOW NVIDIA LOWER, DOWN 6%
CoreWeave wants to sit with the credit-market grown-ups | opinion
CoreWeave jumped more than 20% igniting a rally in battered AI cloud stocks, as its hefty spending yielded strong revenue growth and the company signaled a pullback from the borrowing binge that had set off alarms of an AI bubble
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CoreWeave's strong results lift chip stocks; Micron leads Quant rankings $SMH #finance# #economy# #stocks#
CoreWeave shares jumped 20% Wednesday after the neocloud posted quarterly earnings that beat estimates and raised its guidance for the year.
More on the earnings report:
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CoreWeave $CRWV CEO Michael Intrator, asked on CNBC why it isn't buying back bonds yielding ~15%, said:
"I can deploy the capital at a higher rate of return."
Jim Cramer pressed whether it can really earn over 16%.
Intrator also said he canceled his 10b5-1 stock trading plan.
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COREWEAVE CEO BUILD PLANS AREN’T BEING ‘DELAYED OR IN ANY WAY TRANSFORMED’ - CNBC