CoreWeave Inc.
- CoreWeave Inc. fell 10.4% to $133.25 despite the AI-focused cloud infrastructure provider saying net loss shrank in the June quarter.
Consolidated revenue in the June quarter increased to $1.21 billion from $395 million, net loss decreased to $291 million from $323 million, and diluted losses per share declined to 60 cents from $1.62 a year ago.
CoreWeave guided third-quarter revenue between $1.26 billion and $1.30 billion, compared to $1.21 billion, and adjusted operating income between $160 million and $190 million, compared to $200 million a quarter earlier, respectively.
The company guided full-year revenue between $5.15 billion and $5.35 billion and adjusted operating income between $800 million and $830 million.
CoreWeave has announced a $4 billion expansion deal with OpenAI, building on the previously disclosed $11.9 billion agreement.
CoreWeave announced its acquisition of Core Scientific in a $9 billion all-stock transaction, aiming to vertically integrate its AI infrastructure by gaining ownership of 1.3 GW of data center capacity and eliminating approximately $10 billion in future lease obligations.
The company said it raised $2 billion through the sale of 9.25% Senior Unsecured Notes due 2030, to finance its cloud computing infrastructure development.
Aug 12, 2025
If you want to see the full data, please log in to your account. Logging in gives you complete access to all available information, features, and detailed insights that are not visible to guest users.