All articles tagged with #data center delays
CoreWeave, a key player in AI infrastructure, has seen its stock rise 61% since March but faced recent setbacks due to construction delays and a 50% drop since October. Jim Cramer remains optimistic about its long-term business model despite concerns over talent shortages and project delays, believing the company's strategy of deploying and renting capacity will prove successful.
CoreWeave reported a strong quarter with a 50% revenue increase and a backlog exceeding $55 billion, driven by high AI demand and major deals with Meta and OpenAI. However, construction delays at a key data-center provider led to a trimmed 2025 outlook and a temporary stock decline, prompting CEO Michael Intrator to defend the results and downplay the impact of the setbacks.
CoreWeave's shares dropped nearly 9% after it reduced its annual revenue forecast due to delays with a key data center partner, despite strong demand for AI services. The company's margins are under pressure from rising infrastructure costs and competition, highlighting operational risks in the AI data center industry.
CoreWeave's shares dropped 10% after delaying a key data center project, which led to a downward revision of its annual revenue forecast despite strong demand for AI services. The company faces margin pressures from rising infrastructure costs and competition, and has experienced operational risks in its AI data center expansion. Despite these challenges, it reported third-quarter revenue exceeding estimates, but its profit margins declined.