CoreWeave Shares Fall Below $100 Amid Q4 Warning and Core Scientific Setback – 11/11/2025
CoreWeave (CRWV) shares dropped 9% in pre-market trading to $96, falling below $100 for the first time since September after the company issued a fourth-quarter warning and faced lingering effects from the failed Core Scientific merger.
The AI infrastructure and cloud computing provider reported Q3 revenue of $1.36 billion and an EPS loss of $0.22, surpassing expectations. Still, full-year guidance was lowered due to delays from a third-party data center developer.
CEO Michael Intrator said, “Demand for our platform remains strong, but industry-wide supply chain pressures are impacting fourth-quarter results.”
The decline extends a broader slide, with CoreWeave losing roughly 20% since Core Scientific shareholders rejected the proposed merger. Intrator added that the outcome does not affect CoreWeave’s growth plans and highlighted ongoing collaboration on 590 megawatts of leased capacity.
Despite short-term challenges, CoreWeave continues to expand its footprint, now reaching 2.9 gigawatts of contracted power, with new projects underway across Europe.
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