%{{tag.tag}} {{articledata.title}} {{moment(articledata.cdate)}} @{{articledata.company.replace(" ","")}} comment Investing.com -- Shares of CoreWeave Inc (NASDAQ:CRWV) gained sharply Thursday after capex and datacenter updates from hyperscalers and larger customers, Microsoft (NASDAQ:MSFT) and Meta Platforms (NASDAQ:META). CoreWeave stock last traded up 11.6%. Microsoft indicated on its earnings call after the close of trading on Wednesday that, although it is shifting between build versus lease, its demand for data center capacity is expanding. "And in our AI services, while we continue to bring data center capacity online as planned, demand is growing a bit faster," Microsoft CEO Satya Nadella stated. CFO Amy Hood added, "Satya talks about being short power, he’s really talking about data center space." For the years ended December 31, 2023 and 2024, CoreWeave’s largest customer was Microsoft, which accounted for 35% and 62% of their revenue, respectively. In addition, Meta raised its 2025 capex budget to $64-72 billion from $60-65 billion to support its artificial intelligence efforts. Meta is also a larger customer of CoreWeave. CoreWeave competitor Amazon (NASDAQ: AMZN) (AWS) will report its results after the close of trading today. This content was originally published on http://Investing.com