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News  ›  Investing.com

CoreWeave Revenue Beats Estimates but Outlook Trimmed on Capacity Delays

Investing.com Logo Investing.com • •By Investing.Com
CoreWeave Revenue Beats Estimates but Outlook Trimmed on Capacity Delays

CoreWeave reported strong Q3 revenue of $1.365 billion but lowered its full-year guidance due to data center capacity deployment delays, causing its stock to drop nearly 9% in premarket trading.

Insights
MSFT   positive

Major player in cloud computing and AI infrastructure


CRWV   negative

Company reduced full-year capital expenditure forecast by 40%, lowered revenue guidance by $150 million, and experienced stock price decline due to operational challenges with third-party data center vendor