{"id":129570,"date":"2025-11-11T13:09:11","date_gmt":"2025-11-11T13:09:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/129570\/"},"modified":"2025-11-11T13:09:11","modified_gmt":"2025-11-11T13:09:11","slug":"once-hot-cloud-ai-play-coreweave-is-tanking-a-jpmorgan-downgrade-is-adding-to-the-pressure","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/129570\/","title":{"rendered":"Once-hot cloud AI play CoreWeave is tanking. A JPMorgan downgrade is adding to the pressure"},"content":{"rendered":"<p>Near-term supply chain pressures will cap gains for CoreWeave , according to JPMorgan. The bank downgraded CoreWeave, which provides infrastructure for artificial intelligence firms, to neutral from overweight. Analyst Mark Murphy also lowered his price target to $110 per share from $135, signaling just 4% upside ahead. Murphy&#8217;s downgrade followed CoreWeave&#8217;s third-quarter earnings release . While the company reported better-than-expected third-quarter revenue, its full-year revenue guidance came in below analysts&#8217; expectations. CoreWeave shares tanked 10% in the premarket. CRWV YTD mountain CRWV YTD chart CoreWeave also said that one third-party data center developer is behind schedule. While CEO Mike Intrator assured investors that this delay wouldn&#8217;t affect CoreWeave&#8217;s backlog, JPMorgan&#8217;s Murphy wasn&#8217;t so sure, and pointed to the company&#8217;s supply constraints as a major headwind. &#8220;The new variable is supply chain pressures escalating to a point that they are impacting one specific third-party data center developer used by CoreWeave, which is running behind schedule and shifts some of CoreWeave&#8217;s revenue out of Q4,&#8221; he wrote. &#8220;This means that not only are the major hyperscalers being forced to issue capacity-constrained revenue guidance, but the phenomenon is also spreading to CoreWeave, which has historically set one of the highest bars for on-time orchestration and delivery cadences in deployment of modern AI data centers.&#8221; But Murphy emphasized that, in the long run, he sees &#8220;tremendous&#8221; opportunity for CoreWeave to serve the AI mega-trend and remains fundamentally constructive on the name. &#8220;Our view of CoreWeave&#8217;s longer term opportunity remains unchanged, and it is possible that its revenue ramp will get back on track in Q1\/Q2 of next year, as we saw with Microsoft&#8217;s Azure surge in its most recent March and June quarters,&#8221; he added. &#8220;However, we remain contemplative of the unprecedented and mounting industry-wide pressures across supply chains, and resultant difficulty of confidently forecasting how and when all of the interconnected variables will smoothly reach a point of equilibrium.&#8221; Shares of CoreWeave have soared 164% since going public in March.<\/p>\n","protected":false},"excerpt":{"rendered":"Near-term supply chain pressures will cap gains for CoreWeave , according to JPMorgan. The bank downgraded CoreWeave, which&hellip;\n","protected":false},"author":2,"featured_media":129571,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[365,363,364,553,8774,2338,111,139,69,2340,145],"class_list":{"0":"post-129570","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificialintelligence","11":"tag-business-news","12":"tag-coreweave-inc","13":"tag-investment-strategy","14":"tag-new-zealand","15":"tag-newzealand","16":"tag-nz","17":"tag-stock-markets","18":"tag-technology"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/129570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=129570"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/129570\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/129571"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=129570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=129570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=129570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}