CoreWeave Surges 15% After Hours — Can That $104B Backlog Deliver?
CoreWeave +2.42% Tuesday, +15.37% after hours on earnings: revenue $2.575 billion, but the $104 billion backlog is what moved it. Nebius rode along, +4.95% in the session, with its own results due pre-market and Burry's short still intact — the sell side is split on which of the two carries better risk-reward. Longer-dated: Anthropic signed a 20-year compute deal with miner Riot, roughly $9.1 billion for 191 megawatts, up to $16.1 billion if every extension is exercised; Riot closed +4.33%. A backlog that size and a 20-year contract on one day — has compute visibility structurally lengthened?
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