CoreWeave’s Stock Tumbles Following Losses And Lock-Up Expiration

CoreWeave’s stock fell 20% after the AI data center provider reported a larger-than-expected loss, according to CNBC. CoreWeave reported a second-quarter adjusted loss of 27 cents per share, exceeding the 21-cent loss expected by analysts polled by LSEG. CoreWeave’s results coincided with the pending Thursday expiration of its IPO lock-up period, which could increase share volatility. Stifel analysts said they are positive on CoreWeave long-term but see near-term gains limited by potential Core Scientific dilution and the upcoming lock-up expiration. CoreWeave forecast current-quarter revenue of $1.26 billion to $1.30 billion and raised its 2025 guidance to $5.15 billion to $5.35 billion, topping analyst estimates. Analysts expressed disappointment over CoreWeave’s guidance, citing light capital spending plans and delayed expenditures until the fourth quarter.