India, Nov. 11 -- CoreWeave shares jumped 13% in premarket trading on Wednesday after the artificial intelligence (AI) cloud computing company reported better-than-expected third-quarter results and raised its financial outlook for 2026. The strong results helped ease some investor concerns about the company's growth and funding.

CoreWeave's revenue surged 168% to $3.7 billion in the third quarter, compared with the same period last year. The company announced the revenue growth in a statement on Tuesday.

CoreWeave CEO Michael Intrator described the three months ended September 30 as a "breakout quarter" for the company. He said the strong growth was supported by several sources of funding, according to CNBC.

These funding sources incl...