From Yahoo Finance: 2025-05-14 16:12:00

CoreWeave plans to spend $20-23 billion on AI infrastructure and data centers to meet increasing demand, including from Microsoft. The heavy spending caused a 5% stock drop despite a revenue surge. CEO Mike Intrator explained the unique capital spending approach. The company expects annual revenue of $4.9-5.1 billion, surpassing analysts’ expectations.



Read more at Yahoo Finance: Nvidia-backed CoreWeave to spend up to $23 billion this year to tap AI demand boom