Aug 12th, 2025
CoreWeave Losses Widen as Data Center Demand Surges
CoreWeave Inc. posted steeper losses as it continued to build to meet demand from artificial intelligence developers. The company’s shares fell 5% in after-hours trading. Second-quarter adjusted net losses in the period steeped significantly to $130.8 million, compared to $5 million last year, it said in a statement Tuesday. Analysts had projected losses of $96.3 million. “We are scaling rapidly as we look to meet the unprecedented demand for AI,” Chief Executive Officer Michael Intrator said in the statement. Revenue tripled to $1.21 billion, the company said, ahead of expectations for $1.08 billion. The company said it would release financial guidance on its upcoming earnings call.











