CoreWeave Surged, Cava Jumps, Wendy's Gains
Today's biggest winners and losers in the stock market, a look at the notable movers: On this episode of Stock Movers:- CoreWeave (CRWV) surged after the AI spending frenzy spurred faster sales growth than anticipated, with sales expected to be $3.45 billion to $3.6 billion in the third quarter. The firm's backlog was $104 billion at the end of the quarter, and it inked more than $25 billion in new customer commitments after the period ended, suggesting that “AI demand remains strong”. CoreWeave raised its revenue outlook to a range of $12.4 billion to $13.2 billion for the full…
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