CoreWeave (CRWV) popped by over 15% last night in after-hours trading after it posted second-quarter results. The firm posted a GAAP EPS loss of $1.14 in the second quarter.
CRWV stock is up after the firm posted a 113.2% Y/Y increase in revenue, to $2.58 billion.
Investors are bullish about forward profit margins. Instead of expressing concern about the heavy debt, shareholders are hopeful that the AI server provider will benefit from strengthening its financing.
CoreWeave strengthened its debt with a $3.1 billion term loan, $1 billion investment from Jane Street, and over $10 billion in debt and convertible bonds.
MercadoLibre (MELI) jumped on Tuesday by 6.34% to close at $1,940. Just as e-commerce firm Sea Ltd. (SE) rose, MercadoLibre is rising from the Q2 report posted on August 5. The Brazilian firm grew its credit portfolio to $16.4 billion, up by 75% Y/Y.
KKR (KKR) is breaking out. Fears of a weak private credit market eased. The company is among the firms that will raise $500 billion for AI infrastructure development, organized by Nvidia (NVDA).
Axon Enterprise (AXON) continued its meteoric rally. Shares closed up by nearly 7%, to $636.31. The breakout started on August 5, after the firm posted Q2 non-GAAP EPS of $1.88. Revenue increased by 35.3% Y/Y to $904.3 million. Its platform Solutions grew by 123% Y/Y to $150 million. More importantly, Axon’s annual recurring revenue grew by 39% to $1.6 billion.
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