CoreWeave Inc. shares fell after lowering its revenue forecast due to a customer contract delay, now expecting $5.05-$5.15 billion in 2025 sales. CEO cites supply delays but assures contract value will be maintained. The AI demand challenge caused a 16% stock drop. CoreWeave plans to diversify suppliers and improve project oversight.

Quarterly results show CoreWeave’s operating income margin at 4%, missing estimates. Revenue rose to $1.36 billion, beating expectations, but with a loss of 22 cents per share. The revenue backlog stands at $55.6 billion. CoreWeave recently sold computing power to Meta Platforms Inc. and tried to acquire Core Scientific Inc.

Despite challenges, CoreWeave plans to move forward, focusing on diversifying suppliers and operating efficiently. The company is looking to address industry constraints with US government support. Operating income margin missed estimates at 4%, but revenue exceeded expectations at $1.36 billion. The company maintains a strong revenue backlog at $55.6 billion.

Read more at Yahoo Finance: CoreWeave Drops After Lowering Outlook on Capacity Crunch