ChipsThe story, in brief
CoreWeave’s Balancing Act
$7.7B. That's what CoreWeave burned on data center capex in a single quarter—and it's about to get worse.
The KeyNews take
Why it matters
CoreWeave's explosive capex trajectory ($35B projected for 2026) reveals the infrastructure arms race underpinning AI. Revenue doubling isn't the story—the cash burn math is: this is what it costs to compete in compute.
The key facts
6 to knowQ1 2026 revenue: $2B (doubled YoY)
Q1 2026 capex: $7.7B (5.5x YoY from $1.4B)
Q1 2026 cash burn: $4.7B (66% of full-year 2025 burn)
2026 projected revenue: $12B-$13B
2026 projected capex: $35B
CoreWeave building data center network for AI cloud services
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The Informationtheinformation.com
Publisher excerpt: If you’re getting dizzy watching CoreWeave’s balancing act, you’re not alone. The AI cloud startup reported first-quarter numbers Thursday evening showing that its business is ramping up quickly—revenue doubled in the quarter to $2 billion compared to the year-earlier period—but its investment…