CNBC's Jim Cramer noted data center delays at sites in Texas, Oklahoma and North Carolina tied to Core Scientific.
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CoreWeave
shares sank 13% on Tuesday after CEO Mike Intrator addressed delays at a third-party data center developer that hit full-year guidance in its latest earnings report.
“Quite frankly, every single part of this quarter went exactly as we planned, except for one delay at a singular data center,” Intrator told CNBC’s “Squawk on the Street” on Tuesday.
He then clarified that a “singular data center provider” is more accurate.
Coreweave CEO Mike Intrator defended the company's debt narrative during an interview with CNBC's "Squawk on the Street" on…
Shareholders have raised opposition to CoreWeave's acquisition of Core Scientific saying the price is too low.
Nvidia-backed AI data center company CoreWeave reports earnings for the first time since its volatile public debut in March.
Core Scientific shares jumped 33% after a report that CoreWeave is in talks to acquire the bitcoin miner.
Roth Capital Partners believes that shares of Core Scientific could rally 27% from here.
All eyes were on the datacenter operator’s RPO figure, which matched Wall Street’s $50 billion-$60 billion expectations.
