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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