CoreWeave drops 20% on wider-than-expected loss ahead of lock-up expiry

Sunflower seedArtificial Intelligence Data Centers tenants decreased by 20% after reporting a larger loss than expected.

In the second three -month financial results as a public company, Coreweave reported a corrected loss of 27 cents per share, compared to 21 cents per share expected by analysts destroyed by LSEG.

Coreweave’s results came after the first public offering was set to end on Thursday evening after the first public offering, and to add volatility to potentially sharing. The term refers to a certain period of time following a market output in which internal selling shares are restricted.

“We stay in the long run and encourage today’s data points, but we see that Corz dilution and uncertainty and uncertainty and uncertainty and uncertainty and uncertainty and uncertainty and uncertainty and the end -of -end expiration of Core Scientific.

Core Scientific shares fell by 7% on Wednesday.

In the current quarter, the company reflects revenue of $ 1.26 billion to $ 1.30 billion. Analysts who participated in the survey by LSEG are $ 1.25 billion. Coreweave also increased its income guidance from $ 5.15 billion to $ 5.15 billion to $ 5.15 billion, rising from $ 4.9 billion to $ 5.1 billion in May and over 5.05 billion dollars.

Some analysts hoped to guide more powerful guidance since the great increase in the stock since it was opened to the public in March. Others emphasized the guidance of light capital expenditures and as a potential weakness point in some expenditures up to the fourth quarter.

“This delay in Capex emphasizes the uncertainty around the distribution time, as the schedule of go-live is forced, the recognition of the period will be smaller.”

Artificial Intelligence Infrastructure Provider, while continuing to benefit from increasing the AI demand, a year ago, the income increased to $ 1.21 billion, he said. This was also an estimate of $ 1.08 billion from Wall Street. The finance chief Nitin Agrawal also said during a call with the demanding analysts during a call that predominantly from supply.

New Jersey -based company containing customers Openai, Microsoft And NvidiaHe also said that he has recently signed expansion agreements with hyper -scale customers.

Sunflower seed bought AI Model Monitoring Starting weights and prejudices, he said that he had finished the quarter with an income of $ 30.1 billion in exchange for $ 1.4 billion during the semester.

– Jordan Novet from CNBC contributed to reporting.