CoreWeave Shares Drop After Forecast Sparks Growth Fears

CoreWeave Inc.’s shares dropped after the AI data center operator gave a disappointing forecast for the current quarter, sparking concerns about slowing growth at a time when the company is spending heavily to bolster its operations.

Revenue for the second quarter will range from $2.45 billion to $2.6 billion, the company said Thursday during its quarterly earnings call. That fell short of the $2.7 billion average estimate of analysts, according to data compiled by Bloomberg.