On August 12, AI cloud computing company CoreWeave saw its stock rise nearly 16% pre-market, reaching $104.5. The company reported Q2 operational revenue of $2.58 billion, surpassing analysts' expectations of $2.56 billion, and marking a 112% year-on-year increase. The net loss was reported at $626 million, better than the market estimate of a $757 million loss. Adjusted EBITDA was $1.51 billion, exceeding analysts' forecast of $1.43 billion. During the period, operational losses were $49 million, less than the market estimate of $87 million; the loss per share was $1.14, consistent with analysts' expectations, indicating significant pressure on the income statement. As of June 30, the company had a backlog of approximately $104 billion in order sales, up from $99.4 billion at the end of the previous quarter, with over $25 billion in procurement commitments for Q3. CEO Michael Intrator stated that the group has significantly exceeded its expected targets, with customer contracts signed in Q2 expected to contribute profit margins 5 to 10 percentage points higher than new contracts in recent quarters. This reflects the rapid growth in infrastructure demand as enterprises and AI companies continue to expand their computing power investments. CoreWeave anticipates Q3 sales between $3.45 billion and $3.6 billion, with full-year sales expected to range from $12.4 billion to $13.2 billion. Q3 capital expenditures are estimated to be between $11.5 billion and $13.5 billion, with full-year capital expenditures raised to between $35 billion and $39 billion, up from the previous forecast of $31 billion to $35 billion.