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Nvidia-Backed CoreWeave Stock (CRWV) Plunges 8% as Steep Capital Spending Overshadows Q1 Revenue Beat
tipranks.com/news/nvidia-backed-coreweave-stock-crwv-plunges-8-as-steep-capital-spending-overshadows-q1-revenue-beat
semiconductor giant Nvidia (NVDA) and offers GPU (graphic processing unit) infrastructure for AI (artificial intelligence) workloads, expects full-year capital spending in the range of $20 billion to $23 billion, way higher than the Street’s consensus of $18.4 billion.
CoreWeave, which…
This story appeared on tipranks.com, 2025-05-15 16:11:19.453000.