CoreWeave’s hefty CapEx plans weigh on stock, shows strong AI demand

00:00 Speaker A

AI cloud computing company CoreWeave out with earnings results, topping estimates in its debut quarter, but causing investors a little concern in its capex plans to spend 20 billion to 23 billion dollars this year on AI infrastructure capacity. Joining us now with a reaction, Nick Del Deo. He is a managing director from MoffettNathanson. Nick, great to have you here. Interesting in terms of the market action because when they initially reported revenue that beat estimates,…