Overview
- CoreWeave fell again Friday, with Benzinga citing profit-taking and a broader decline after Fed President Austan Goolsbee questioned the outlook for further rate cuts.
- The company is slated to report third-quarter results after the close on Nov. 10, with consensus at a 52-cent loss per share on $1.28 billion in revenue.
- CoreWeave this week announced a partnership with CrowdStrike to power and secure its AI cloud for what it calls the agentic era.
- The firm recently named Nvidia-backed Poolside as the anchor tenant for Project Horizon, which will utilize a cluster of more than 40,000 Nvidia GB300 GPUs.
- CoreWeave also launched AI Object Storage to lower costs and improve efficiency for AI workloads, while analysts including MoffettNathanson and firms such as Cantor Fitzgerald, Evercore ISI, and Wells Fargo maintained bullish views.