CoreWeave, Inc. (CRWV) Slapped With Securities Class Action Amid Questions Over Denton Data Center Completion Transparency, $14 Billion Market Cap Loss - Hagens Berman

Core Viewpoint - A securities class action lawsuit has been filed against CoreWeave, Inc. and certain executives, representing investors who acquired CoreWeave securities between March 28, 2025, and December 15, 2025 [1] Group 1: Lawsuit Details - The lawsuit follows revelations about delays from a third-party data center developer, impacting CoreWeave's Denton, Texas data center cluster intended for OpenAI, which has led to a significant decline in share price [2] - Hagens Berman, a national shareholder rights firm, is investigating claims that CoreWeave misled investors, urging those who suffered losses to come forward [3] - The complaint focuses on CoreWeave's statements regarding its ability to meet high demand for services and recognize revenue from long-term contracts with customers [4] Group 2: Allegations of Misleading Information - The lawsuit alleges that CoreWeave made misleading statements and failed to disclose its overstated ability to meet customer demand [5] - CoreWeave is accused of underestimating the risks associated with its reliance on a single third-party data center supplier, affecting its ability to meet customer demand and recognize revenue [5] Group 3: Market Reaction and Financial Impact - Investors began questioning CoreWeave's transparency after the company reported Q3 2025 financial results on November 10, 2025, which included a surprising reduction in full-year revenue guidance due to delays from a third-party developer [6] - Following a report from The Wall Street Journal on December 15, 2025, regarding ongoing delays from the data center supplier, CoreWeave's share price dropped by $36.11, a decline of 34%, resulting in a loss of approximately $14 billion in market capitalization within a month [6]