
Nvidiaâbacked CoreWeave Sees Shares Slide Amid DataâCenter Delay
âĒBy ADMIN
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Shares of CoreWeave, Inc., backed by Nvidia Corporation, tumbled around 10% after the company trimmed its annual revenue forecast following delays at a key dataâcentre partner. Despite robust demand for its AIâservices business, CoreWeave faces margin pressure due to rising infrastructure costs, higher AIâchip prices and intensifying competition. The firm reported thirdâquarter revenue of $1.36âŊbillion, beating estimates, yet its adjusted operating margin slipped to 16% down from 21% a year earlier. Analysts at Barclays flagged the delay as a reminder that largeâscale AIâdataâcentre projects remain complex engineering feats.
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