(Reuters) -CoreWeave ( CRWV ) beat Wall Street estimates for second-quarter revenue on Tuesday, driven by accelerating demand for the Nvidia ( NVDA )-backed AI cloud computing firm's services.

The company offers access to data centers and Nvidia ( NVDA ) chips, which are highly coveted for training and running large AI models amid intense competition.

CoreWeave ( CRWV ), which currently has 33 AI data centers up and running across the U.S. and Europe, focuses solely on GPU-based operations.

Revenue backlog was $30.1 billion as of June 30, the company said.

The company reported revenue of $1.21 billion for the second quarter, compared with analysts' average estimate of $1.08 billion, according to data compiled by LSEG.

(Reporting by Juby Babu in Mexico City; Editing by Sriraj Kalluvila)