CoreWeave's Stock Price Plummets: Investors Seek Answers

CoreWeave Shares Are Trading Lower Today: What's Going On?

CoreWeave Holdings Inc. (NASDAQ: CEWO) is trading lower today after the company announced its fourth-quarter and full-year 2022 results.

The company reported a net loss of $0.14 per share for the fourth quarter, which was narrower than the expected loss of $0.16 per share. However, the company's revenue of $10.3 million missed expectations of $11.3 million.

For the full year, CoreWeave reported a net loss of $0.55 per share, which was narrower than the expected loss of $0.63 per share. The company's revenue of $38.3 million also missed expectations of $41.3 million.

Despite the company's revenue and earnings missing expectations, the company's CEO, Jonathan Ross, expressed optimism about the company's future prospects.

"We are pleased with our progress in 2022, and we are well-positioned to continue our growth momentum in 2023," Ross said in a statement.

CoreWeave's shares are trading lower today, down about 12% at the time of this writing. The company's stock has been volatile in recent months, with shares falling sharply in December before rebounding in January.

Investors are likely weighing the company's mixed results and guidance against the broader market trends and the company's long-term prospects. CoreWeave's shares have been driven higher in recent months by the company's growth prospects and the increasing demand for its products.

However, the company's revenue and earnings miss may be causing some investors to reevaluate their positions in the company. The company's guidance for 2023 also suggests that the company may not be able to sustain its growth momentum in the near term.

Overall, CoreWeave's shares are trading lower today due to the company's mixed results and guidance. The company's long-term prospects remain promising, but investors may need to be patient and wait for the company's growth momentum to resume.