CoreWeave Shares Slip Below $100 on Q4 Warning and Core Scientific Fallout – 11/11/2025
CoreWeave (CRWV) shares fell 9% to $96 in pre-market trading, dropping below $100 for the first time since September following a fourth-quarter warning and ongoing pressure from the failed Core Scientific merger.
The AI-focused cloud computing provider reported Q3 revenue of $1.36 billion and an EPS loss of $0.22, beating expectations, but lowered full-year guidance due to delays from a third-party data center developer.
CEO Michael Intrator said, “Demand for our platform remains strong, but supply chain pressures across the industry are impacting Q4 expectations.”
The drop extends a broader downtrend, with CoreWeave losing roughly 20% since Core Scientific shareholders rejected the proposed merger. Intrator emphasized the outcome does not hinder growth plans, noting continued collaboration on 590 megawatts of leased capacity.
Despite short-term setbacks, CoreWeave is expanding its infrastructure footprint, reaching 2.9 gigawatts of contracted power and launching new projects across Europe.
