CoreWeave reported its first public company earnings but left investors wanting more. The cloud company specializes in renting NVIDIA graphics chips for companies running artificial intelligence programs. It beat revenue forecasts with $981 million for the first quarter of 2025. It added Google to its customer list and holds orders worth $25.9 billion overall.
The market reacted poorly to future predictions rather than past results. CoreWeave expects next quarter revenue between $1.06 billion and $1.1 billion with high spending plans. The company missed profit targets because it paid $177 million related to going public. For the full year, CoreWeave plans to earn between $4.9 billion and $5.1 billion.
Analyst Gil Luria from DA Davidson cut his rating to underperform with a $36 price target. The stock trades around $68 currently, far above his prediction. Luria compared the company to WeWork but noted that the stock might stay high temporarily. The small number of available shares makes betting against CoreWeave expensive for traders.
The market reacted poorly to future predictions rather than past results. CoreWeave expects next quarter revenue between $1.06 billion and $1.1 billion with high spending plans. The company missed profit targets because it paid $177 million related to going public. For the full year, CoreWeave plans to earn between $4.9 billion and $5.1 billion.
Analyst Gil Luria from DA Davidson cut his rating to underperform with a $36 price target. The stock trades around $68 currently, far above his prediction. Luria compared the company to WeWork but noted that the stock might stay high temporarily. The small number of available shares makes betting against CoreWeave expensive for traders.
