CoreWeave Reports Strong Revenue Growth but Faces Earnings Pressure and Rising Costs
CoreWeave (NASDAQ: CRWV) reported a significant revenue increase of 112% year-over-year to $2.08 billion, outperforming analyst expectations. However, the stock fell by over 11% following its first-quarter earnings report due to wider-than-expected adjusted EPS losses and weaker Q2 guidance. The company also raised its full-year capital expenditure budget amid rising component costs.
Tickers: $CRWV