CoreWeave’s shares slip after it unveils AI spending plans in first results since IPO

May 15, 2025

, By The Economic Times

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ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/coreweave-shares” target=”_blank”>CoreWeave shares fell more than 5% in premarket trading on Thursday, after the Nvidia-backed artificial intelligence company unveiled its capital expenditure plans to meet booming demand.

The data center operator, which went public in March, forecast its second-quarter capital expenditure would be in the range of $3 billion to $3.5 billion while revenue expectations were $1.06 billion to $1.1 billion.

CoreWeave’s management was optimistic about the demand for its services on the post-earnings call, but brokerage MoffettNathanson said “the cost of…

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CoreWeave’s shares slip after it unveils AI spending plans in first results since IPO

May 15, 2025

, Published By The Economic Times

ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/coreweave-shares” target=”_blank”>CoreWeave shares fell more than 5% in premarket trading on Thursday, after the Nvidia-backed artificial intelligence company unveiled its capital expenditure plans to meet booming demand.

The data center operator, which went public in March, forecast its second-quarter capital expenditure would be in the range of $3 billion to $3.5 billion while revenue expectations were $1.06 billion to $1.1 billion.

CoreWeave’s management was optimistic about the demand for its services on the post-earnings call, but brokerage MoffettNathanson said “the cost of…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

Dell launches new Intel-powered ‘Plus’ laptop range in India starting at ₹96,899

Next News

New-age ice cream brand Hocco raises $10 million in round co-led by Chona family office, Sauce VC

The Economic Times

More like this

Popular

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