Why CoreWeave Stock Is in Freefall

Strong revenue couldn’t offset mounting losses as CoreWeave spent $6 billion more than it earned last year.

BY MELISSA ANGELL, SENIOR STAFF WRITER @MELISSKAWRITES

CoreWeave (Nasdaq: CRWV) plunged nearly 18 percent on Friday following its fourth quarter earnings report, despite the company touting a milestone: becoming the fastest cloud provider ever to reach $5 billion in annual revenue.

While the hyperscaler reported $1.57 billion worth of revenue, beating estimates of $1.55 billion, it was higher than expected losses and rising capital expenditures that spooked investors. 

A large part of that........

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