CoreWeave, Inc. 2Q Revenue Guidance Misses; Shares Plunge Over 9% After Hours
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CoreWeave, Inc. shares fell 9.27% to USD116.9 after the company projected 2Q revenue of USD2.45 billion to USD2.6 billion, missing market expectations. Despite 1Q revenue more than doubling YoY to USD2.078 billion, losses widened to USD740 million. Operating expenses surged, with tech costs up 127% to USD1.27 billion. The full-year capital expenditure forecast increased to USD31 billion to USD35 billion, surpassing previous estimates.
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