CoreWeave Shares Decline as Company Plans to Double 2026 Capital Expenditure

CoreWeave's shares fell around 8-15% following its announcement to nearly double capital expenditure to $30-35 billion in 2026, driven by AI chip purchases and data center expansion. Despite a modest fourth-quarter revenue beat of $1.57 billion, the company reported a widened net loss due to heavy upfront investments. Management acknowledged short-term margin pressure but expects recovery later in the year, with capital spending tied to signed contracts providing revenue visibility amid investor concerns over long-term returns and funding.