CoreWeave Shares Drop Below $100 on Q4 Guidance and Core Scientific Fallout – 11/11/2025
CoreWeave (CRWV) shares fell 9% to $96 in pre-market trading, slipping 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-focused cloud provider posted Q3 revenue of $1.36 billion and an EPS loss of $0.22, both exceeding expectations, but lowered full-year guidance due to delays from a third-party data center developer.
CEO Michael Intrator said, “While demand remains strong, industry-wide supply chain pressures are affecting Q4 results.”
The decline extends a broader slide, with CoreWeave down roughly 20% since Core Scientific shareholders rejected the proposed merger. Intrator added that growth plans remain on track, highlighting ongoing collaboration on 590 megawatts of leased capacity.
Despite short-term headwinds, CoreWeave continues expanding, now reaching 2.9 gigawatts of contracted power and launching new projects across Europe.
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