CoreWeave stock falls on weak revenue forecast despite earnings beat

CoreWeave, the AI cloud company, reported first-quarter revenue that exceeded analyst estimates, but its second-quarter revenue outlook fell short of Wall Street expectations. The company also raised the low end of its 2026 capital spending forecast. The mixed results sent shares lower as investors focused on the soft forward guidance rather than the strong quarterly performance. CoreWeave specializes in providing cloud infrastructure for AI workloads, competing with major providers like Amazon Web Services and Microsoft Azure.