Overview

A class action lawsuit has been filed against CoreWeave, Inc., (“CoreWeave,” or the “Company”) (NASDAQ : CRWV) and certain of the Company’s senior executive officers (collectively, “Defendants”) alleging violations of federal securities laws. The CoreWeave lawsuit is brought on behalf of all persons and entities who purchased or otherwise acquired CoreWeave securities between March 28, 2025, and December 15, 2025, both dates inclusive (the “Class Period”). Investors have until March 13, 2026, to seek appointment as lead plaintiff of the CoreWeave class action lawsuit.

CoreWeave is an artificial intelligence (“AI”) cloud computing company and self-described “Hyperscaler,” which its prospectus defined as “a cloud provider or technology company that is capable of delivering computing infrastructure and services at massive scale, typically through large data centers and geographically distributed networks.” CoreWeave generates substantially all of its revenue from committed long-term contracts providing customers with access to its AI infrastructure and proprietary managed software and application services through CoreWeave Cloud Platform (the “Cloud Platform”).

The lawsuit alleges CoreWeave made false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. The complaint specifically alleges the Company failed to disclose that: (1) Defendants had overstated CoreWeave’s ability to meet customer demand for its service; (2) Defendants materially understated the scope and severity of the risk that CoreWeave’s reliance on a single third-party data center supplier presented for CoreWeave’s ability to meet customer demand for its services; (3) the foregoing was reasonably likely to have a material negative impact on the Company’s revenue; and (4) as a result, the Company’s public statements were materially false and misleading at all relevant times.

On March 10, 2025, less than three weeks before CoreWeave conducted its initial public offering (“IPO”), the Company announced a deal worth up to $11.9 billion to deliver AI infrastructure to Open AI, a leading AI company.  In the months following CoreWeave’s IPO, its stock price skyrocketed to prices as high as $183.58 on June 20, 2025, a 348% increase from the offering price. During this time the Defendants consistently represented to investors that the demand for CoreWeave’s services was “robust” and “unprecedented,” and made positive revenue forecasts in part due to this demand.

On July 7, 2025, CoreWeave announced an agreement to acquire Core Scientific, Inc. However, on October 30, 2025, Core Scientific announced it had not received enough shareholder votes to approve its merger agreement with CoreWeave and, as a result, terminated the merger agreement. On this news, CoreWeave’s stock price fell $8.87 per share, or 6.3%, to close at $131.06 per share on October 30, 2025.

Then, on December 15, 2025, the Wall Street Journal published an article reporting new information concerning the data center provider delays, revealing that the scope and severity of data center delivery issues were greater than Defendants acknowledged during the Q3 2025 Earnings Call and a CNBC Interview given by the Company’s CEO. On this news, CoreWeave’s stock price fell $2.85 per share, or 3.4%, to close at $69.50 per share on December 16, 2025.

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If you purchased or otherwise acquired CoreWeave securities between March 28, 2025, and December 15, 2025, and you wish to serve as lead plaintiff in this lawsuit, you are encouraged to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt attorneys Brian O’Mara or Hani Farah by calling (888) 287-9005 or at investors@dicellolevitt.com. 

The deadline to apply to the Court to serve as a lead plaintiff in the CoreWeave lawsuit is March 13, 2026.