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378 CoreWeave To Spend Up To $23 Billion This Year To Tap AI Demand Boom

Slashdot
BeauHD @ Slashdot · 05/15/2025 06:00 EDT

CoreWeave To Spend Up To $23 Billion This Year To Tap AI Demand Boom

Nvidia-backed CoreWeave plans to spend up to $23 billion this year on AI infrastructure and data center capacity, as it aims to meet the booming demand from clients. Reuters reports: The heavy spending plan weighed on its shares, which fell 5% after surging as much as 11% on better-than-expected revenue in its first results as a public company after debuting on the Nasdaq in March. The company's projected capital expenditure of between $3 billion and $3.5 billion for the second quarter was way above its rev

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