Company is securing cloud deals on favourable terms amid limited supply, CEO saysCoreWeave expects full-year capital expenditure to be between US$35 billion and US$39 billion, up from its previous expectations of US$31 billion to US$35 billion. CoreWeave, a so-called neocloud that offers hardware and cloud capacity to other technology companies, has seen demand skyrocket on relentless enterprise spending on AI. CoreWeave reported revenue backlog of US$104.2 billion in the second quarter, up from US$99.4 billion in the first quarter. It now expects full-year capital expenditure to be between US$35 billion and US$39 billion, up from its previous expectations of US$31 billion to US$35 billion. Its capital expenditures reached US$9.4 billion in the June quarter, up from US$6.8 billion in the prior three-month period.