CoreWeave shares rise 6% after Wayve partnership
CoreWeave’s stock jumped about 6% after announcing a multi‑year deal with autonomous‑driving AI firm Wayve, placing Wayve’s training workloads on its cloud platform.
Key points
- CoreWeave shares climbed roughly 6% after revealing a multi‑year agreement with Wayve.
- The deal will host Wayve’s training and evaluation workloads on CoreWeave’s cloud platform.
- CoreWeave’s stock was near $50 ahead of its third‑quarter earnings release.
- The company later reported revenue above estimates and raised its full‑year outlook.
- Interest expense is expected to rise in Q4, projected at $1.05‑$1.15 billion.
CoreWeave stock climbs after Wayve partnership announcement
CoreWeave Inc. (CRWV) shares rose roughly 6% in trading on Monday following the company's disclosure of a multi‑year agreement with Wayve, a global autonomous‑driving AI firm.
The agreement will place Wayve’s training and evaluation workloads on CoreWeave’s cloud platform, though the contract price was not disclosed.
At the time of the surge, the stock was reported to be trading near $50 ahead of the company’s third‑quarter 2026 earnings release, which is scheduled for after the market closes on Tuesday, November 10.
CoreWeave’s earnings call is set for 5 p.m. ET on the same day.
When the results were released, CoreWeave reported third‑quarter revenue that exceeded analysts’ estimates and announced an upward revision to its full‑year outlook.
The company also indicated that interest expense is expected to increase in the fourth quarter, with projected costs of $1.05 billion to $1.15 billion.
Your questions, answered
What did CoreWeave announce that caused its stock to rise?
CoreWeave announced a multi‑year agreement with Wayve, a global autonomous‑driving AI firm, to run Wayve’s training and evaluation workloads on its cloud platform.
When will CoreWeave release its third‑quarter earnings?
CoreWeave’s third‑quarter earnings are scheduled for after the market closes on Tuesday, November 10, with an earnings call at 5 p.m. ET.
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