Shares of CoreWeave and Super Micro Computer climbed premarket on Wednesday after upbeat forecasts from the two AI infrastructure companies reinforced demand expectations for computing capacity.
Strong Demand for AI Infrastructure
CoreWeave raised its forecasts for annual revenue, adjusted operating profit, and capital spending, as strong demand for its Nvidia-powered AI infrastructure enabled the company to secure better pricing on new contracts. The company’s revenue backlog rose to $104.2 billion in the second quarter from $99.4 billion three months earlier, excluding over $25 billion in new commitments secured early this quarter.
Super Micro forecast 2027 revenue above Wall Street estimates, underscoring resilient customer investment in AI servers, as data-center operators build out the hardware needed for generative-AI workloads. The company’s fourth-quarter gross margin of 17.5% exceeded both its preliminary estimate of 15%-17% and its initial forecast of 8.2%-8.4%.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
