CoreWeave shares slip as data center delay clouds AI infra growth outlook

** Shares of CoreWeave down 7.4% at $97.87 in premarket trading

** Co trimmed its full-year revenue forecast, citing delays at a third-party data center partner

** Now expects 2025 revenue between $5.05 bln and $5.15 bln, below its prior range and analysts' consensus of $5.29 bln, according to LSEG data

** Barclays analysts said the delay was "not a game changer" but flagged it as the first sign of operational risk in the nascent AI infrastructure space

** "These large-scale AI data centers are not easy engineering projects"

** Margins narrowed to 16% in Q3 from 21% a year earlier, and Barclays warned rising chip costs and competition could pressure profitability

** Average rating is "buy"; median PT is $140- data compiled by LSEG