WhiteFiber posted sales and earnings misses in Q3, with a loss of $0.47 per share on revenue of $20.2 million. The company’s sales were up 65% year over year, but cloud services revenue growth came in 48% lower than expected.

Despite strong sales growth, WhiteFiber’s stock saw a 9.1% drop, with a potential recovery following the initial negative reaction to its Q3 results. The stock had been off by as much as 18% earlier in the day’s trading.

WhiteFiber is expanding support capacity for AI data centers and evaluating new sites for future growth. The company’s market capitalization is approximately $659 million, with the stock priced at around 7.9 times this year’s expected sales.

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Read more at Yahoo Finance: Why WhiteFiber Stock Is Plummeting Today