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CoreWeave Shares Tumble Post-Q2 Results: AI Infrastructure Provider Faces Supply Constraints Despite Revenue Surge
CoreWeave Shares Tumble Post-Q2 Results: AI Infrastructure Provider Faces Supply Constraints Despite Revenue Surge
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CoreWeave's stock plummeted following its Q2 earnings report, despite a staggering revenue jump from $395.4 million to $1.21 billion year-over-year. The AI-focused cloud computing firm, which leverages Nvidia GPUs for high-performance workloads, now forecasts full-year revenue of $5.15-$5.35 billion—a $250 million upward revision.
Supply chain bottlenecks overshadow the growth story. Demand continues to outstrip capacity, forcing aggressive infrastructure investments. The stock's wild ride—from its $40 IPO price to a $187 peak before retreating—reflects Wall Street's struggle to value this capital-intensive AI play.
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