CoreWeave Stock Drops Despite Beating Earnings
Update: 2025-11-11
Description
CoreWeaves stock plummeted ten percent on November eleventh, despite beating Wall Streets third-quarter earnings expectations. The AI infrastructure companys shares had surged over one hundred seventy percent year-to-date before this recent dip. The cause? A revised annual revenue forecast, with the company now projecting sales between five point zero five billion and five point one five billion dollars, down from the previous estimate of five point three five billion dollars. This adjustment was partly due to temporary delays from a third-party data center developer. Despite this, analysts suggest the issue is likely temporary. However, the markets reaction reflects a broader sentiment that many tech stocks are currently overvalued, with CoreWeaves stock tumble following otherwise solid results.
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