CoreWeave Faces Securities Class Action Over Data-Center Delays and Demand Claims

Overview

• Filed as Masaitis v. CoreWeave, Inc., No. 26-cv-00355 (D.N.J.), the lawsuit alleges violations of Sections 10(b) and 20(a) and Rule 10b-5 for investors who bought shares between March 28 and December 15, 2025, with multiple plaintiff firms inviting investors to contact them.
• Plaintiffs claim CoreWeave overstated its ability to meet AI demand and understated the revenue risk from relying on a single third-party data-center provider.
• The complaint links an October 30, 2025 termination of the Core Scientific merger to a share decline of more than 6%.
• After CoreWeave cut 2025 revenue guidance on November 10 and the CEO acknowledged on November 11 that delays involved a single provider, shares fell more than 16%, according to the filings.
• A December 15 Wall Street Journal report described weather and design setbacks, including delays at a Denton, Texas cluster intended for OpenAI, and the stock fell an additional 3.4%, the suit alleges.