On Tuesday, November 11, 2025, CoreWeave Inc. experienced a sharp 8.9% drop in premarket trading, following news that a third-party data center delay had forced the company to trim its annual revenue forecast. The setback comes despite surging demand for CoreWeave’s AI cloud infrastructure, which supports clients in generative AI and high-performance computing.
The company now expects 2025 revenue between $5.05 billion and $5.15 billion, down from its earlier projection of $5.15 billion to $5.35 billion, and below analysts’ consensus of $5.29 billion, according to LSEG data CNA CNA.
CoreWeave said the delay affected capacity expansion for a major client—whose identity remains undisclosed—but noted that the customer has extended the contract, preserving the deal’s total value. The company emphasized that the issue was operational, not demand-related.
Analysts at Barclays described the situation as a wake-up call for investors, highlighting “operational risk” as a key concern for fast-scaling AI infrastructure firms CNA. CoreWeave’s margins are also under pressure from rising AI chip costs, infrastructure expenses, and intensifying competition for compute power.
Despite the revenue revision, CoreWeave reported Q3 revenue of $1.36 billion, beating expectations of $1.29 billion GuruFocus. However, the data center hiccup has cast a shadow over its growth narrative, especially as the company continues to expand its global footprint of GPU-powered data centers.
Sources:
Channel News Asia
GuruFocus
