[CoreWeave raises annual revenue outlook to ease concerns about business slowdown] On November 11, artificial intelligence computing power provider CoreWeave Inc.'s single-quarter performance exceeded analysts' expectations. The company also raised its annual forecast, alleviating investors' concerns about the business slowdown of this debt-burdened company. The company said in a statement Tuesday that it expects revenue this year to be $13 billion to $13.3 billion. The upper end of the company's previous forecast range was $13.2 billion. Third-quarter revenue rose to $3.66 billion. Data show that analysts forecast an average of $3.56 billion. The company lost $1.27 per share, better than analysts' estimates of a loss of $1.46 per share. Following the release of the financial report, CoreWeave's stock price rose about 5% after hours on Tuesday. As of Tuesday's close, the stock was down 32% this year. This performance brings some comfort to the hard-hit new cloud industry. New Cloud Enterprise provides computing power to AI developers. While CoreWeave has been signing new customers and expanding infrastructure, rapid expansion spending and a heavy debt load have worried investors.