CoreWeave Securities Class Action Filed Over Capacity and Supplier Risk Claims

Overview

• The lawsuit, captioned Masaitis v. CoreWeave, Inc., No. 26‑cv‑00355, alleges the company overstated its ability to meet AI infrastructure demand and downplayed the risk of relying on a single third‑party data‑center supplier.
• The case is pending in the U.S. District Court for the District of New Jersey and remains at an early stage with no class certified and the allegations unproven.
• Plaintiffs cite a sequence of disclosures they say revealed the risks, including the Oct. 30, 2025 termination of the Core Scientific merger, a Nov. 10–11 guidance cut tied to a third‑party developer delay, and a Dec. 15 Wall Street Journal report on months‑long Denton, Texas construction setbacks.
• Investor notices reference sharp share‑price drops on those dates and describe a market‑cap decline of roughly $14 billion, with the stock closing at $69.50 on Dec. 16, 2025 after mid‑year highs.
• Background in filings notes CoreWeave recognizes revenue only after its specialized data‑center “powered shells” are installed and activated, making construction timing by third‑party developers critical to short‑term revenue visibility.