CoreWeave shares jumped 24.7% on November 11, 2026, after the company reported quarterly revenue of $3.66 billion, a 168% increase from the previous year. Despite posting a $709 million net loss, the company has a $132.5 billion revenue backlog and raised its 2026 sales forecast to between $13 billion and $13.3 billion. Nvidia's investment and partnership with CoreWeave highlight the growing demand for AI computing capacity.