Bloomberg Tech CoreWeave Tumbles on Data Center Delay
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Nov 11, 2025 Michael Intrator, CEO of CoreWeave, shares insights on the company's earnings and a significant data center delay impacting operations. He discusses efforts to diversify supply chains and maintain partnerships, emphasizing reliability despite setbacks. Additionally, Carmen Reinecke, a Bloomberg equities reporter, analyzes market sentiment surrounding tech stocks and hyperscaler capex. The conversation delves into investor fears over AI valuations and the ongoing influence of NVIDIA in the tech landscape.
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Sale Framed As Tactical Capital Reallocation
- SoftBank's recycling of NVIDIA positions is not unprecedented and reflects tactical capital allocation.
- Management framed the sale as financing further AI investments, not a loss of conviction in NVIDIA.
Delay Trims Outlook Despite Strong Growth
- CoreWeave trimmed its fiscal 2025 revenue outlook due to a data center delay by a third party.
- The company still reported strong revenue growth and an increasing order backlog.
SoftBank Sells NVIDIA To Fund AI Data Centers
- SoftBank sold its entire NVIDIA stake to free capital for other AI investments, including building U.S. AI data centers.
- The cash will partly fund SoftBank's own data center builds where it will still buy NVIDIA chips.