CoreWeave Struggles Post-Earnings Amid Data Center Delay Concerns

2 months ago

Tim Stanbec

"All right, let's talk uh about Core Wee. This is certainly a top story for us on this uh Tuesday. Well, Coree, this is ticker CRWV. This is a stock that of course IPOed back in late March, but today not seeing a great day. Shares down as much as 17%. That's the most since August. This is after the company reported third quarter earnings, but they did talk about a data center delay, which they see could potentially be snagging or creating some sort of impact on its first quarter earnings. So, you did see JP Morgan coming in downgrading the stock to neutral from overweight. Analysts are still saying that supply constraints are okay over the short term but overall it seems as though this isn't the worst thing here for the company but you're definitely seeing their shares taking quite a bit of a beating today."

The commentary on CoreWeave (CRWV) outlines a challenging trading day with shares down 17% following Q3 earnings and a reported data center delay. The downgrade by JP Morgan and ongoing supply constraints indicate near-term headwinds as the market processes the impact on upcoming first quarter earnings.

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