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Core weave out with their first earnings report since going public. Let's take a look at the results here. Really critical for Core weave. First quarter revenue coming in at 981.6 million. That is above the street's estimate here, which was 862.3 million in terms of revenue. That is really critical because it's also a guide in terms of the company's ability to move forward with deploying its Nvidia GPUs. We'll get to that in a second after I break some more of these numbers for you. Taking a look at Core weave first quarter loss per share of $1.49. First quarter adjusted EBITDA coming in at 606.1 million here. First quarter adjusted EBITDA margin of 62%. First quarter adjusted net loss of $149.6 million. The first quarter net loss here coming in at $340.6 million. You can see the shares are up a little over 1 and a half percent, but at one point, Josh, after the print, they were up as much as 6%.

Yeah, our own Brian Sozi has done some great reporting on this name, and as as Sozi's pointed out, there have been sort of, you know, you'll hear these concerns investors highlight about this name, but how the company uses, um, you know, large amounts of debt to buy chips, how Microsoft accounts for kind of a big chunk of the company's sales when you read through the the bullish takes on it. I think bulls and broad strokes, I guess Maddie, continue to just pound the table that we are in the early innings of this AI build out, and they continue to believe Core weave is one of the smarter ways to play it, that it's leveraged to to capitalize and benefit.

Yeah, earlier today, I was also speaking with Gil Luria about this name and his expectation for tonight. One of the things he pointed to me is that the company's biggest customer right now, OpenAI, has a multi-year commitment of $15 billion, and they bring that up straight away in the print in the second line of the earnings statement. They talk about how their major strategic deal with OpenAI, as well as other customer wins going forward, and one of their acquisitions were key technical achievements over the course of the quarter here. They talk about how demand is robust and accelerating as AI leaders seek to highly perform an AI cloud infrastructure going forward, and they see Core weave as a beneficiary of that. You mentioned the debt problem. That's going to be something for investors to watch, but certainly a potential read through to Nvidia going forward.

Brent Till over at Jeffries, he's a fan of this name, friend of the show. Brent puts it like this to his clients. He says, while there are concerns over the durability of Core weave's business model, we believe that the unrelenting appetite for AI compute minimizes the downside risk. There's your bullish take.

There you go. There you go. A lot of bullishness around the name, at least at the tape after hours here.