CoreWeave, Nebius soar as AI spending powers growth

CoreWeave and Nebius shares soared after both companies reported revenue surges driven by accelerating AI infrastructure spending, with demand exceeding Wall Street expectations.

CoreWeave CRWV https://finance.yahoo.com/quote/CRWV/ and Nebius NBIS https://finance.yahoo.com/quote/NBIS/ shares skyrocket following earnings, as revenue surges to "stupid" levels and demand for AI infrastructure continues to soar. Both companies are benefiting from an AI spending boom that is accelerating faster than Wall Street expected.