CoreWeave drop 16% because Data Center delay, cut 2025 guide
CoreWeave report say dem make $1.36 billion revenue for Q3, up 134% from last year, but dem cut dia 2025 revenue forecast to $5.05–$5.15 billion. CEO Mike Intrator talk say one of the 41 third-party data centers, wey dem suspect be Core Scientific, get ai capacity delay wey cause dem revise the forecast. The news make CoreWeave stock drop 16%, and JPMorgan downgrade am to Neutral with lower price target. Even though dem get $56 billion AI deals waiting with Meta and OpenAI, GPU computing rollouts gats stay on track. Traders suppose watch how the data centers dey progress and any guidance updates since short-term wahala fit weigh shares down, but long-term AI infrastructure demand still strong.
Neutral
Di tori blend di strong Q3 revenue wea dem get wit di cutdown for 2025 guidance plus di stock drop wey be 16% because of AI capacity delays. Wen e short term, di worry dem for data center rollout and GPU computing bottlenecks dey cause bearish pressure. But di $56 billion AI deal backlog and di ongoing demand for GPU infrastructure dey support comeback by early 2026. Overall, di mixed signals dey give neutral view on market impact.