For those unfamiliar with CoreWeave, it is a cloud computing company whose infrastructure is specifically designed to run AI workloads. The company's close relationship with Nvidia gives it access to that company's newest graphics processing units (GPUs). It also provides high-speed networking, storage, and managed software services.

CoreWeave Inc.’s shares tumbled after the cloud-computing provider reported a wider quarterly loss and gave a disappointing earnings outlook, raising concerns about its rapid AI data center expansion pressuring profit margins.

The AI-focused data center operator beat revenue forecasts but reported a $291 million quarterly loss, rattling investors.