CoreWeave Plunges 16% on Data Center Delays, Cuts 2025 Guidance

Published: 2025-11-12 03:55:35 |

CoreWeave reported Q3 revenue of $1.36 billion, up 134% year-over-year, but cut its 2025 revenue guidance to $5.05–$5.15 billion. CEO Mike Intrator said AI capacity delays at one of 41 third-party data centers—suspected to be Core Scientific—triggered the revision. The announcement sent CoreWeave stock down 16% and prompted JPMorgan to downgrade the name to Neutral with a lower price target. Despite a $56 billion backlog of AI deals with Meta and OpenAI, GPU computing rollouts must stay on schedule. Traders should watch data center progress and guidance updates, as short-term headwinds may weigh on shares, while long-term AI infrastructure demand remains strong.

Neutral

The news combines a strong Q3 revenue beat with a cut to 2025 guidance and a 16% stock drop due to AI capacity delays. In the short term, concerns over data center rollouts and GPU computing bottlenecks create bearish pressure. However, a $56 billion AI deal backlog and ongoing demand for GPU infrastructure support a rebound by early 2026. Overall, the mixed signals yield a neutral view on market impact.