CRWV News Today, Nov 11: CoreWeave Stock Dips 6% on Weak Annual Growth
Today, CoreWeave’s stock saw a notable decline of 6%, closing at $105.61. Despite reporting strong third-quarter revenue, weaker full-year guidance surprised investors, leading to a dip in market confidence. CoreWeave, known for its AI infrastructure, mentioned delays in data center developments—a significant concern, despite lucrative contracts with companies like OpenAI and Meta. This balance between opportunity and operational hiccups underscores a challenging landscape for the company moving forward.
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