
Nvidia‑backed CoreWeave Sees Shares Slide Amid Data‑Center Delay
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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 data‑centre partner. Despite robust demand for its AI‑services business, CoreWeave faces margin pressure due to rising infrastructure costs, higher AI‑chip prices and intensifying competition. The firm reported third‑quarter revenue of $1.36 billion, 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 large‑scale AI‑data‑centre projects remain complex engineering feats.
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