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CoreWeave CEO responds to data center delays as stock plunges
CoreWeave shares fell 13% after CEO Mike Intrator cited delays at a third-party data center provider, which caused the company to lower its 2025 revenue guidance to $5.05–5.15 billion, below analyst estimates.
The delays are tied to a “singular data center provider,” potentially Core Scientific, though Intrator did not confirm the name.
Despite the setbacks, CoreWeave stressed that its 41-data-center portfolio and contract backlog remain intact, and teams are working daily to resolve the issues.
The company reported strong Q3 revenue of $1.36 billion, up 134% from a year ago, CNBC has reported.
CoreWeave continues aggressive expansion, securing major AI infrastructure deals with Meta ($14.2 billion) and OpenAI ($22.4 billion).
read more: https://www.cnbc.com/2025/11/11/coreweave-stock-core-scientific-delays.html
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