Reported about 22 hours ago
CoreWeave (CRWV) announced a larger-than-expected loss in the second quarter, recording a loss per share of 60 cents against the predicted 46 cents, while revenue exceeded estimates at $1.21 billion. Following the report, shares dropped around 7%, attributed to concerns over high spending and future profitability, despite a significant revenue beat and an ongoing deal expansion with OpenAI.
Source: YAHOO