CoreWeave Shares Plunge 13% as Heavy Spending Alarms Investors

• CoreWeave Inc. shares dropped 13% after reporting a larger-than-expected loss and increased capital expenditures.
• The company's loss expanded to 89 cents a share in the December quarter, exceeding analyst estimates of 72 cents.
• CoreWeave announced 2026 capital spending of $30 billion to $35 billion, higher than anticipated by analysts.
• Despite surging demand and contracts with OpenAI, Meta, and Microsoft, expanding capacity is costly, leading to increased debt.
• CEO Mike Intrator defends the spending, stating funds are borrowed only after securing customers for the equipment.