CoreWeave Stock Plummets Post-Earnings

This is a Bluesky news story, published by Yahoo Finance, that relates primarily to Macquarie news.

Bluesky news

For more Bluesky news, you can click here:

more Bluesky news

Macquarie news

For more Macquarie news, you can click here:

more Macquarie news

tech giants news

For more tech giants news, you can click here:

more tech giants news

Yahoo Finance news

For more news from Yahoo Finance, you can click here:

more news from Yahoo Finance

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best tech news, business news, entertainment news, and much more. If you like tech giants news, you might also like this article about

CoreWeave stock

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest more Nvidia chips news, AI data center company news, tech giants news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

CoreWeave executives

Yahoo Finance

•

Technology

Nvidia-backed CoreWeave whipsaws as investors digest $23 billion capital expenditure plan

Summary

Nutrition label

84% Informative

CoreWeave (CRWV) stock fell as much as 7% after company executives blew past Wall Street expectations for capital expenditures.

The company is one of the largest holders of Nvidia ’s graphics processing units and rents its data center capacity to Big Tech firms such as Microsoft ( MSFT ) and Meta (META) The company's first quarter revenue topped analyst estimates as well as a bullish outlook for the year .

Macquarie analyst Paul Golding said in a note to investors Wednesday ahead of its earnings report that its “competitiveness, together with the outlook for the [AI] space, drives scope for further growth.” After falling to a closing price low of $ 35 in April , CoreWeave shares have soared nearly 55% over the past month , trading at $ 67 Wednesday . Laura Bratton is a reporter for Yahoo Finance . Follow her on Bluesky @laurabratton.bsky.social. Email her at laura.bratton@yahooinc.com..