CoreWeave, Nvidia, and NextNav Lead Premarket Gains Following Earnings and Market Recovery
Pre-market trading saw significant movement from several key technology players. CoreWeave shares surged 13% after reporting third-quarter revenue of $3.66 billion, a 168% year-over-year increase that beat analyst expectations. The neocloud provider also raised its full-year revenue guidance and reported a smaller-than-expected quarterly loss. Nvidia (NVDA) rose 5%, attempting to recover from recent steep losses following controversial reports regarding CEO Jensen Huang. Meanwhile, NextNav climbed 9% after reporting narrowed quarterly losses and a significant increase in cash reserves, which grew to $264.1 million as of September 30.
Topics: earnings beat guidance increase revenue growth stock market moves