CoreWeave Suffers Worst Rout in Six Months Over Spending Fears

CoreWeave Inc. suffered its worst stock decline in more than six months after reporting a bigger-than-expected loss and boosting capital expenditures, spurring concerns about the company overspending on infrastructure.

The loss widened to 89 cents a share in the fourth quarter, the company said in a statement Thursday. Analysts had estimated about 72 cents on average, according to data compiled by Bloomberg. Revenue rose to $1.57 billion, compared with a $1.55 billion prediction.