CoreWeave Drops as Sped-Up AI Investment Plans Dent Profits

CoreWeave Inc.’s quarterly profit forecast missed estimates as the company said it was bringing forward some spending to meet customer needs. The shares dropped as much as 11% in post-market trading.

Second-quarter operating income, excluding some items, will be $140 million to $170 million, the company said during its first earnings call. That fell short of the $192 million analysts were estimating.