CoreWeave shares sank 10% in premarket trading on Wednesday after the Nvidia-backed company posted a bigger-than-expected loss, raising doubts about its ability to keep costs under check amid robust AI demand.

Mixing Stellar Growth With Stinging Losses CoreWeave (NASDAQ: CRWV) is a leading AI cloud computing provider that just released its second-quarter earnings and delivered a bittersweet story. The data center operator obliterated revenue expectations,

The company posted a second-quarter loss of $0.60 per share, while analysts surveyed by Visible Alpha had anticipated a loss of $0.45 per share. Revenue soared 207% year-over-year to $1.21 billion, beating estimates.