CoreWeave Shares Dip Below $100 on Q4 Warning and Core Scientific Fallout – 11/11/2025

CoreWeave (CRWV) shares fell below $100 for the first time since September, sliding 9% in pre-market trading to $96 following a fourth-quarter warning and continued pressure from the failed Core Scientific merger.

The cloud computing and AI infrastructure provider reported Q3 revenue of $1.36 billion and an EPS loss of $0.22, both beating expectations. However, the company lowered its full-year guidance due to delays from a third-party data center developer.

CEO Michael Intrator commented, “We are experiencing relentless demand for our platform, but data center developers across the industry are facing unprecedented supply chain pressures, which impacts fourth-quarter expectations.”

The recent drop adds to a broader downtrend, with CoreWeave stock losing roughly 20% since shareholders at Core Scientific (CORZ) rejected a proposed merger last month. Addressing the failed acquisition, Intrator said, “While the deal made strategic sense, the valuation required by Core Scientific’s shareholders was not appropriate for CoreWeave.” He emphasized that the outcome does not hinder the company’s growth ambitions and noted ongoing collaboration with Core Scientific on 590 megawatts of leased capacity.

Despite short-term headwinds, CoreWeave continues to expand its infrastructure, reaching 2.9 gigawatts of contracted power and launching new projects across Europe.