Here's Why CoreWeave Stock Tanked This Week
CoreWeave may be looking to reduce risk on memory pricing.
Overview
It wasn't a great week for tech stocks, but CoreWeave (NASDAQ: CRWV) severely underperformed the tech-heavy Nasdaq Composite index. Shares of the artificial intelligence (AI) infrastructure provider plunged 18% for the week, according to data provided by S&P Global Market Intelligence.
Volatility is common in stocks like CoreWeave, which are in heavy growth mode. Revenue is soaring, but the company is still losing money. But a report this week may have spooked investors, too.
Image source: The Motley Fool.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.