CoreWeave's AI Partnerships Overshadowed by Revenue Projections
Update: 2025-11-11
Description
CoreWeave, a leading cloud computing company, reported strong third-quarter results and new AI partnerships, yet saw shares plummet due to lower-than-expected revenue projections for 2025. Despite impressive contracts with OpenAI, Meta, and Nvidia, investors were spooked by a projected revenue range of $5.05-5.15 billion, falling short of analysts estimates. CEO Mike Intrator attributed the shortfall to construction delays at one data center and a scarcity of powered-shell facilities, with most issues expected to be resolved in the first quarter of 2023.
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