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Bloomberg Tech

CoreWeave Tumbles on Data Center Delay

Bloomberg Tech

Bloomberg

Tech News, Business News, Business, News

4.549 Ratings

🗓️ 11 November 2025

⏱️ 44 minutes

🧾️ Download transcript

Summary

Bloomberg’s Caroline Hyde and Ed Ludlow discuss the drop in Nvidia shares as SoftBank sells its entire stake in the chipmaker to help bankroll its other AI investments. Plus, CoreWeave CEO Micheal Intrator talks about the company's earnings, data center delay, and efforts to diversify its supply chain. And, Paramount Skydance reports its first earnings since David Ellison's takeover.

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Transcript

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0:00.0

For every six Chinese people, there's a Ping'an customer, we have accumulated a massive amount of the customer data, not just on the financial side, but end-to-end across channels thanks to our AI advancements.

0:12.0

This is the Technology Empowered Growth at Ping-Anne podcast. In our latest episode, Ping-an is utilizing technology to provide integrated and personalized 24-7 support

0:21.8

for China's rapidly growing elderly population. Now available on Spotify, Apple Podcast, and

0:27.1

Ping'an's website. Hello and welcome. This is the Michelle Hussein show. I'm Michelle

0:34.6

Hussein. I speak with people like Elon Musk. I think I've done enough.

0:38.9

And Shonda Rhymes. That's so cute. This will be a place where every weekend you can count on

0:44.7

one essential conversation to help make sense of the world. So please join me. Listen and

0:51.0

subscribe to the Michelle Hussain show from Weekend, wherever you get your podcasts.

0:57.0

You certainly ask interesting questions.

1:02.4

Bloomberg Audio Studios, Podcasts, Radio News.

1:12.0

Bloomberg Tech is alive from coast to coast with Caroline Hyde in New York and Ed Lovello in

1:19.0

San Francisco.

1:22.3

This is Bloomberg Tech.

1:24.1

Coming up, SoftBank sells its entire stake in Nvidia for close to $6 billion.

1:29.7

This to help bankroll its other AI investments.

1:32.8

Plus, we sit down with Corweave CEO, Michael and Trader, to talk about the company's earnings and that data center delay.

1:39.4

And more earnings with Paramount Skydance as the company reports its first results since David Ellison's takeover.

2:17.8

Much to digest when it comes to the fundamentals of businesses today, Ed. But overall, we've got a bit of risk aversion here. We've got some of the biggest players in technology on the downside. You're going to drill into the individual movers. But there is a question of AI infrastructure. There's a question of pressure of some of these market capitalizations. We're just off 8 tenths percent after yesterday's bounce back on hopes that the government shutdown might be reaching some sort of end. But Ed, take us to the individual movers. Yeah, Corweave is where we start. The stock down about 13 percent on track for its biggest drop since mid-August, the stock trading in its lowest level since early September. In a few minutes' time, we're going to speak to the CEO, Michael and Trater.

2:21.4

The company cut its revenue outlook for fiscal 25, or trimmed it really because of a delay

2:26.3

to a specific project.

2:28.1

The other thing that's weighing on the markets right now is Invidia.

2:31.3

Invidio down around two percentage points when last I checked. The issue is right

...

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