Core Scientific Inc

CoreWeave CEO won’t say if Core Scientific caused data center delays, both stocks plunge

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CoreWeave CEO won’t say if Core Scientific caused data center delays, both stocks plunge

CoreWeave shares closed down 16% on Tuesday after CEO Mike Intrator addressed delays at a third-party data center developer that hit full-year guidance in its latest earnings report. “Quite frankly, every single part of this quarter went exactly as we planned, except for one delay at a singular data center,” Intrator told CNBC’s “Squawk on the Street” … Read more

CoreWeave’s revenue more than doubles as AI buildout expansion accelerates

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CoreWeave’s revenue more than doubles as AI buildout expansion accelerates

Michael Intrator, co-founder and chief executive officer of CoreWeave, center, appears at the Nasdaq MarketSite in New York on March 28, 2025. CoreWeave raised $1.5 billion in its initial public offering, a downsized deal that reflects how stock market volatility is hurting demand for even highly anticipated listings. Michael Nagle | Bloomberg | Getty Images … Read more