CoreWeave Stock Plunges 16% on Disappointing Outlook

On September 2, 2025, CoreWeave's stock experienced a significant drop of 5.73% in pre-market trading, reflecting investor concerns and market sentiment.

CoreWeave, an AI cloud computing provider, recently reported a disappointing quarterly outlook for its operating income, leading to a 16% plunge in its stock price. This news has raised questions about the company's financial health and future prospects.

In a strategic move, CoreWeave agreed to acquire Core Scientific, a Bitcoin mining and data center operator, in an all-stock deal. This acquisition is part of CoreWeave's broader strategy to expand its infrastructure and support for GenAI.

Magnetar Financial LLC, a majority shareholder of CoreWeave, sold common stock worth approximately $94.44 million last week. This significant sale has added to the market's uncertainty about the company's direction and investor confidence.

Despite the recent setbacks, CoreWeave plans to deploy 10,900 Nvidia GPUs by December 2025, projecting $200 million to $250 million in annual AI cloud revenue. This ambitious plan indicates the company's commitment to growth and innovation in the AI sector.