Stock Movers: CAVA, CoreWeave

Scott Peters
13 Aug, 2025
New York City

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 a year earlier, respectively.

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. 

CAVA Group Inc. plunged 25% to $64.10 after the Mediterranean restaurant chain reported weaker-than-expected second-quarter revenue growth. 

The specialty restaurant company lowered its annual same-store sales growth outlook to between 4% and 6% from the previous range between 6% and 8% released on May 15. 

Revenue in the second quarter increased 20.3% to $278.2 million from $234.1 million, net income fell to $18.4 million from $19.7 million, and diluted earnings per share dropped to 16 cents from 17 cents a year ago. 

The revenue increase in the quarter was largely driven by new store openings, and the company plans to open between 68 and 70 in the current year. 

The company said the 2.1% increase in same-store sales was primarily driven by the price increases and product mix with "flat traffic."