Nvidia’s protégé CoreWeave (CRWV.US) plunges 12% after hours! Holding a “heavy sword” with 67 billion in orders, but hit by a “hidden arrow” from Q1 guidance
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The cloud infrastructure provider focused on artificial intelligence reported fourth-quarter revenue that exceeded Wall Street expectations, but failed to boost its stock price. According to the announcement, CoreWeave's fourth-quarter revenue increased by 110% year-on-year to $1.57 billions, slightly above the market average expectation of $1.55 billions, with a loss per share of $0.89, which was worse than the market average expectation. As of press time, the stock had fallen 9.56% in after-hours trading.
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