CoreWeave stock sinks 9% after hours despite strong earnings beat

Description

CoreWeave shares fell 9% in after-hours trading on Tuesday, even though the company delivered quarterly results and guidance that came in above analyst expectations, according to data from CNBC. The artificial intelligence infrastructure provider reported $1.21 billion in revenue for the quarter, ahead of the $1.08 billion Wall Street was looking for. Revenue more than tripled compared to the $395.4 million reported during the same period last year. Despite that growth, CoreWeave still posted a ...