Core Points - CoreWeave stock dropped 10% on Tuesday despite reporting third-quarter earnings that exceeded Wall Street expectations with revenue of $1.36 billion compared to the anticipated $1.29 billion [1][5] - The company has revised its annual revenue forecast down to a range of $5.05 billion to $5.15 billion from a previous estimate of $5.35 billion due to temporary delays with a third-party data center developer [2] - Analysts suggest that the lowered guidance may be a temporary issue, with expectations that revenue for the current quarter could be pulled forward into the first quarter of next year, indicating continued strong demand for CoreWeave's services [3] - CEO Michael Intrator emphasized the company's strong position as a key player in AI cloud services, focusing on growth and innovation [4] - The decline in stock price may also reflect broader market sentiment regarding high valuations in the tech sector, as seen in recent drops in other tech stocks like Palantir and the Nasdaq 100 [5]

akash burns tokens with actual gpu rental revenue. $5m quarterly revenue, 92% h100 utilization, us military confirmed customer. bme launches november 30, testnet end of october. at $288m market cap they're valued like a meme when they run infrastructure for intelligence operations. ...