CoreWeave tanks 20% after posting wider-than-expected loss ahead of lock-up expiration
5 Articles
5 Articles
CoreWeave shares tumble 18% on bigger-than-expected loss as red-hot IPO lock-up nears end - Tech Startups
CoreWeave’s red-hot debut earlier this year has hit a rough patch. Shares of the AI data center renter fell 18% after the company reported a loss that was deeper than Wall Street had projected. The timing couldn’t be worse — the IPO lock-up period expires Thursday evening, opening the door for insiders to sell. In
Specialists ask whether the IA cloud computing company will find a sustainable way to finance its expansion
CoreWeave's stock crumbles on wider-than-expected loss - SiliconANGLE
Shares of the artificial intelligence cloud data center company CoreWeave Inc. slid more than 10% after it beat Wall Street’s expectations on second-quarter earnings and revenue but posted a wider-than-expected loss overall. The company reported a loss before certain costs such as stock compensation of 21 cents per share, edging past the analyst’s target of […] The post CoreWeave’s stock crumbles on wider-than-expected loss appeared first on Sil…
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