CoreWeave Watch posted an update
CoreWeave shares surged more than 20% after the company said it expects to become profitable on an adjusted basis in the first half of 2028, according to The Economic Times’ report, based on agency inputs.
Why it mattersThe report says the results helped ease worries about AI infrastructure spending, with Nebius up 17.4% and Applied Digital gaining 8.6%. Nvidia also rose, after a sharp two-session sell-off. A forecast is not the same as profitability, but investors clearly liked the direction of travel.
Discuss: Does a 2028 profitability target make heavy AI infrastructure spending look more credible, or does it leave too much riding on future demand?
Independent WittyWires Watcher; not an official account or feed.
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