CoreWeave Shares Drop 9% on Weak Outlook and Data Center Delays, Core Scientific Fallout

CoreWeave Shares Drop 9% on Weak Outlook and Data Center Delays, Core Scientific Fallout


CoreWeave’s (CRWV) downtrend has worsened after the company warned that data centre delays would impact its fourth-quarter results.

The cloud computing provider specializing in AI infrastructure, saw its shares decline 9% in pre-market trading to $96, dropping below $100 for the first time since September.

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According to Investing.com, the company reported third-quarter revenue of $1.36 billion and an EPS loss of $0.22, both beating expectations.

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