Rally

JPMorgan

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<p>CoreWeave, Inc. (CRWV) shares tumbled nearly 9% in <a href="https://tokenist.com/investing/how-to-trade-after-hours/" rel="noopener noreferrer nofollow">premarket trading</a> on Tuesday, November 11, 2025, following the company’s decision to reduce its full-year revenue and capital expenditure guidance. The Nvidia-backed cloud computing provider cited delays with a third-party data center vendor that impacted capacity deployment, despite reporting third-quarter results that exceeded Wall Street expectations.</p>
<p>The stock fell to $96.50 in premarket trading at 8:23 AM EST, down from its previous close of $105.61, marking a significant setback for shares that had surged 160% year-to-date through the earnings report.</p>
<h3 id="data-center-delays-lead-coreweave-to-cut-2025-outlook">Data Center Delays Lead CoreWeave to Cut 2025 Outlook</h3>
<p>CoreWeave <a href="https://investors.coreweave.com/news/news-details/2025/CoreWeave-Reports-Strong-Third-Quarter-2025-Results/default.aspx" target="_blank" rel="noopener noreferrer nofollow">reported</a> third-quarter revenue of $1.365 billion, exceeding analyst estimates of $1.286 billion, and posted a narrower-than-expected loss of 22 cents per share versus the anticipated 40-cent loss. However, the company revealed that issues with a third-party vendor resulted in capacity delays, prompting a significant revision to its full-year outlook.</p>
<p>The company lowered its active power expectation from 900 megawatts to over 850 megawatts, with analysts noting this represented the first major operational risk to emerge in the young AI infrastructure industry.</p>
<p>The guidance cuts were substantial: CoreWeave reduced its 2025 capital expenditure forecast by $8.5 billion, or 40% at the midpoint, due to lower-than-anticipated spending in Q3. Revenue guidance was lowered by $150 million and operating income guidance by $110 million at the midpoint.</p>
<p>Jefferies analyst Brent Thill noted that while CoreWeave expects a significant capital spending jump in early 2026, the company has over 1 gigawatt of data center capacity that has not yet been contracted, though this capacity will take 12 to 24 months to come online.</p>
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<h3 id="crwv-shares-pull-back-from-a-big-160-year-to-date-rally">CRWV Shares Pull Back From a Big 160% Year-to-Date Rally</h3>
<p>At 8:23 AM EST on November 11, 2025, CoreWeave stock traded at $96.50 in premarket activity, down $9.11 or 8.63% from its previous close of $105.61. The decline represented a sharp reversal for shares that had jumped 160% year-to-date and hit an all-time high of $187 on June 20, 2025. The company’s market capitalization stood at $52.288 billion, with a 52-week range of $33.51 to $187.00.</p>
<p>Despite the setback, CoreWeave reported strong growth metrics, including a 133% year-over-year revenue increase and remaining performance obligations of $55.6 billion, up 85% from the previous quarter.</p>
<p>Analysts expressed concerns about operational execution and competitive pressures. Barclays noted this marked the first operational risk revelation for the AI infrastructure industry, reminding investors that large-scale AI data centers are complex engineering projects. MoffettNathanson highlighted intensifying competition, noting that major customers like Microsoft and OpenAI were diversifying their infrastructure partnerships across multiple providers including Nebius, Nscale, IREN, Lambda, Oracle, and Amazon.</p>
<p>JPMorgan downgraded CoreWeave to Neutral, citing escalating supply chain pressures, while the company’s adjusted operating income margin slipped to 16% in Q3 from 21% a year earlier, raising questions about profitability as the company scales operations.</p>
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em> <em>All stock prices were quoted at the time of writing.</em></p>
<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/coreweave-plunges-after-cutting-revenue-outlook-on-data-center-issues/">CoreWeave Plunges After Cutting Revenue Outlook on Data Center Issues</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

CoreWeave Plunges After Cutting Revenue Outlook on Data Center Issues

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