CoreWeave Faces Reality Check on Bullish Growth Forecasts

In sales pitch last fall, data center company promised much faster growth and less cash burn than analysts now expect

Last fall, artificial intelligence star CoreWeave shared astounding financial projections with private investors. It projected that revenue would quadruple to $8 billion in 2025 and cash burn would shrink by more than one-third to $4 billion, according to confidential investor documents.

Those expectations appear a lot more sober now, as the company prepares for its Wall Street debut.