08:36 AM EDT, 05/15/2025 (MT Newswires) -- CoreWeave ( CRWV ) shares declined more than 2% in Thursday's premarket activity after Chief Executive Michael Intrator said the firm would spend $3 billion to $3.5 billion in Q2 capital expenditures while expecting revenue of only $1.06 billion to $1.1 billion.

The capital expenditures reflect the Nvidia ( NVDA )-backed (NVDIA) company's "strategic decision to accelerate our platform investments to meet customer demand," Intrator said in a call with analysts, according to a FactSet transcript.