CoreWeave Shares Drop 9% on Weak Outlook, Data-Center Delays & Core-Scientific Fallout đ§©
CoreWeave, a cloud-infrastructure provider specialising in AI and crypto-mining support, saw its shares fall about 9% to $96, sinking below $100 for the first time since September. ïżŒ
The key triggers:
âą The rejected merger with Core Scientific has added pressure and raised execution concerns. ïżŒ
âą Supply-chain and data-centre-build delays are expected to weigh on Q4 performance, despite strong Q3 results (US$1.36 b revenue, EPS loss US$0.22). ïżŒ
âą Even though CoreWeave maintains 2.9 gigawatts of contracted power and continues infrastructure expansion, investor concern is mounting over short-term bottlenecks. ïżŒ
Why this matters for crypto/infrastructure markets:
For investors watching DePIN (decentralised physical infrastructure) and crypto-infrastructure shifts, CoreWeaveâs soft outlook signals that even companies positioned as âinfrastructure winnersâ face macro and execution risks. Liquidity, supply-chain delays, and corporate-governance dynamics (merger fallout) can impact valuations and downstream crypto exposure.
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