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CoreWeave beats revenue estimates, lifts 2026 forecast despite political challenges and stock sell-off.

Company Fundamentals
11 Nov 2026, 16:20 WIB
CNBC
View Source
Bullish
CoreWeave beats revenue estimates, lifts 2026 forecast despite political challenges and stock sell-off.

CoreWeave reported a 168% year-over-year revenue increase, surpassing estimates and raising its 2026 forecast despite a recent 40% stock drop amid political concerns. CEO Mike Intrator stated the company is not worried about new political restrictions following the Democratic midterm sweep, emphasizing their commitment to responsible data center building and strong community relations. CoreWeave plans to continue expanding, targeting 1.85 gigawatts of active power by the end of 2026 and $37-$39 billion in capital expenditures, showing confidence in its growth pipeline despite regulatory uncertainties.

CoreWeave's stock price on Pluang shows a strong rebound with a 15.06% increase, trading at USD 56.07 as of Nov 11, 2026 21:41 WIB. The market cap stands at $26.88 billion, with a balanced order activity favoring buys at 58%.

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