AI cloud provider CoreWeave, in its quarterly earnings report filed on Wednesday, for the first time listed "abandoning reliance on NVIDIA chips" as a potential business risk, warning that a shift in market demand could lead to significant time and financial pressure for the company. Despite this, CoreWeave announced a backlog of orders totaling $104 billion at the end of the second quarter, exceeding market expectations. This news boosted the company's stock price by 19% on Wednesday, closing at $107.73.