Investorsยท2025-11-11 11:26Core Points - CoreWeave's stock declined due to lowered guidance for capital spending and revenue for 2025, attributed to data center capacity issues [2][3][5] - The company reported a third-quarter loss of $0.22 per share, an improvement from a loss of $1.82 per share a year earlier, with revenue increasing by 133% to $1.365 billion, surpassing Wall Street estimates [7][9] - CoreWeave's remaining performance obligations (RPO) rose to $55.6 billion, an 85% increase from $30 billion in the previous quarter, indicating strong future revenue expectations [8] Financial Outlook - Capital spending guidance for 2025 was reduced by $8.5 billion, or 40% at the midpoint, alongside a decrease in revenue and operating income guidance by $150 million and $110 million, respectively [5] - The company expects a significant increase in capital spending in early 2026 [5] Capacity and Demand - CoreWeave has over 1 gigawatt of uncontracted data center capacity, which will take 12 to 24 months to become operational [6] - The company primarily serves clients in the artificial intelligence sector, with major customers including Microsoft and Meta Platforms [12] Market Performance - CoreWeave's stock fell more than 8% to $96.54 following the earnings report, after previously experiencing a 160% increase in 2025 [9] - The stock reached an all-time high of $187 on June 20, 2025 [9] Strategic Partnerships - Nvidia holds a 7% stake in CoreWeave and is a strategic partner, providing AI accelerators for the company's cloud computing services [9][10]