What's Wrong With CoreWeave Stock?
In just the past month, the stock has fallen more than 15%.
Overview
CoreWeave (NASDAQ: CRWV) has been struggling of late, and over the past year, its share price has been cut nearly in half. The company has experienced incredible growth due to artificial intelligence (AI) and businesses seeking out compute power, but it's been facing headwinds of late.
Recently, there's been some bad news for investors, with tech giant Meta Platforms announcing that it plans to create a business to sell excess compute power. Not only does that mean more competition for CoreWeave, but it also highlights a fairly big risk with the stock.
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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.