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0 -0.00392846453157733 -0.000513105571471464 -0.00318553042288449 -0.00906486509599364 -0.0705306366784967 -0.0734703040150511 -0.0780134262624536
Stock impact report

CoreWeave shares sink as weak outlook offsets big AI deals [Yahoo! Finance]

Core Scientific, Inc. (CORZ) 
Company Research Source: Yahoo! Finance
CoreWeave shares plunged on Tuesday after it posted lower-than-expected full-year guidance, overshadowing strong third-quarter results and a string of new artificial intelligence partnerships. The New Jersey-based AI infrastructure firm reported revenue of $1.36 billion for the quarter, beating analyst forecasts of around $1.29 billion. Revenue surged 134% from a year earlier, while the company's net loss narrowed to $110 million from about $360 million. CoreWeave's quarterly growth was driven by new contracts with major tech firms . The company announced a $6.5 billion expansion of its business with OpenAI , a six-year deal with Meta worth up to $14.2 billion, and a $6.3 billion agreement with Nvidia for cloud computing capacity. Despite the gains, CoreWeave forecast 2025 revenue between $5.05 billion and $5.15 billion, short of analysts' $5.29 billion average estimate. Shares were down 9% in premarket trading Tuesday. Chief executive Mike Intrator told investors that constr Show less Read more
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