"Shares of CoreWeave ( NASDAQ: CRWV) have mounted a sharp reversal in sentiment over the past 24 hours, swinging from deeply bearish to neutral-to-bullish territory on Reddit and X. Right now the social sentiment sits at 58/100, up from just 25/100 on the mroning November 25th. With 50 considered perfectly neutral, this is a remarkable rally in just one day."
"The pivot in social sentiment began started to catch fire when CoreWeave CEO Mike Intrator clarified on broadcast TV that Corezero ( Nasdaq: CORZ) and not Applied Digital (Nasdaq: APLD) was responsible for delaying the company's Q4 data center openings. This simple disclosure removed the uncertainty that had been hanging over investors since the most recent earnings release. r/wallstreetbets, users seized on the revelation as vindication:"
"The fundamental case also tightened. CoreWeave reported Q3 earnings on Nov 10 that beat expectations by a stunning 77.8%, posting an EPS loss of $0.08 versus a projected $0.36 loss. Revenue surged 420% year-over-year to $1.36 billion, doubling the backlog to $55 billion. That performance stands in sharp contrast to Q2, when the company missed estimates by 35%."
Social sentiment for CoreWeave jumped from 25/100 to 58/100 on Reddit and X within 24 hours, with 50 considered neutral. The stock has declined roughly 40% over the past month despite the sentiment turn. CEO Mike Intrator clarified on broadcast TV that Corezero (CORZ), not Applied Digital (APLD), delayed multiple Q4 data-center openings, removing prior uncertainty. CoreWeave reported Q3 results with an EPS loss of $0.08 versus a projected $0.36 and revenue up 420% year-over-year to $1.36 billion, while backlog doubled to $55 billion. The company trades at a 22.2x P/S, implying heavy execution risk.
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