The CEO of CoreWeave has stated that increased spending to meet demand will likely impact earnings. Following its IPO, the company reported over 400% revenue growth in its first earnings report. Despite strong revenue performance, investor reactions have been mixed due to a significant $23 billion capital expenditure plan aimed at future growth. This plan has caused fluctuations in CoreWeave’s stock price as investors assess the implications of the company’s capital spending and revenue projections for the year 2025.
— new from WSJ