CoreWeave Shares Drop After Forecast Sparks Growth Fears
Bloomberg Tech
Bloomberg
4.4 • 69 Ratings
🗓️ 8 May 2026
⏱️ 43 minutes
🧾️ Download transcript
Summary
Bloomberg’s Caroline Hyde sits down with CoreWeave CEO Michael Intrator to discuss the company's earnings as it builds out data center capacity. Plus, a deep dive into April's jobs report and the impact of AI on today's workforce with Clara Shih from the New Work Foundation. And, more earnings with Lyft CEO David Risher as the company spends on international expansion.
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| 0:46.7 | Bloomberg Tech is live from coast to coast with Caroline Hyde in New York and Ed Lovello in San Francisco. |
| 0:50.1 | This is Bloomberg Tech. |
| 0:53.5 | Coming up, we sit down with the core we've CEO, Michael in Trader, to discuss the company's earnings as it builds out data center capacity. Plus, we break down the jobs report and the impact of AI on today's workforce with Clara Shai from the New Work Foundation. And we bring down more earnings with Lyft CEO, David Risher, as the company spends on international expansion. But first, we check in on these markets that are moving on an international basis. |
| 1:11.6 | Look, we still have eyes towards some sort of peace deal being broken between the US and Iran. |
| 1:15.6 | But the focus is also on optimism around jobs data, coming in stronger for the first back-to-back gain we've had at least a year in terms of month-on-month non-farm payrolls. |
| 1:25.6 | But tech, I'm afraid, down for 16 straight months in terms of jobs in the information technology area. We're up 1.7% though, even as consumer confidence lags, and it's about the AI trade, is about big tech. But there is a laggard out there, and I just want to shine a light on what's happening with CallWe. We're off by 12%. The context is this company was up, let's say, 90% year to date in the run up to these earnings. |
| 1:46.8 | We see profit taking. We also see some. with the core we've, we're off by 12%. The context is this company was up, let's say, 90% year-to-date |
| 1:45.4 | in the run-up to these earnings. We see profit taking. We also see some anxiety as we see |
| 1:49.4 | the forecast, perhaps not living up to some of the higher expectations. CEO, Michael and |
| 1:54.3 | Trader joins us now in the studio. Michael, earnings are always tough when the market has built |
| 1:59.7 | up a lot of optimism around the business. |
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