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CoreWeave stock tumbled Wednesday following its first earnings report since going public, as the data center company’s growing capital expenditure raised concerns among investors.
Shares in the Nvidia-backed (NVDA) company initially dropped more than 13% during after-hours trading, following the results before shares rebounded on Thursday morning.
CoreWeave is a so-called ‘picks and shovels’ company of the AI…
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https://qz.com/coreweave-nvidia-ai-data-center-stock-spending-1851780838