Here's your morning TNB Tech Minute for Tuesday, November 11th. I'm Zoe Colkin for the Wall Street Journal.

CoreWeave's third quarter revenue more than doubled, but shares fell more than 5% in after hours

trading after the company said a delay by a third-party data center developer would result in both

capital expenditures

and revenue associated with the customer being pushed back into subsequent quarters.

The company, which is one of the top providers of cloud computing services for AI companies,

also reported a net loss of $110 million, narrower than the $359 million the company lost in the same quarter a year

earlier. Sales rose to $1.36 billion. Corweave said the results reflect a, quote, unprecedented

demand for AI. Microsoft has said it will invest more than $10 billion to expand AI infrastructure in Portugal,

the latest in a series of moves from U.S. tech giants looking to bolster AI capacity in Europe.

The company said the funding will go toward a data center hub in southwest Portugal starting early next year,

and the facility will be built out with NVIDIA, UK AI infrastructure startup, N-scale global

holdings, and data center builder, Start Campus. Microsoft said the investment will be one of its

largest for AI computing capacity in Europe. And SoftBank has sold its stake in Nvidia for $5.8 billion,

as it looks for funds to follow through on its huge

bet on Open AI. The company announced earlier this year its plan to invest $30 billion into the

CHAPT maker by the end of this year, more than any other investor thus far. InVIDIA shares

were down 1.7% in pre-market trading. That's your TMB Tech Minute. Join us again this afternoon for more.