CRWV — CoreWeave, Inc. - Class A Common Stock
Session close: $56.60. Regular-session share volume: 90,977,275. Change from previous close: -6.86%.
Key developments
CoreWeave shares sank as the leadership change at Nvidia weighed on the AI trade and on companies backed by the chip giant; the stock had surged the prior session after record quarterly revenue, a large backlog and raised guidance. CoreWeave also announced general availability of its managed database service for AI workloads.
Company news CoreWeave stock sinks as resignation of Jensen Huang ripples through AI trade · Company news CoreWeave Announces General Availability of CoreWeave Database · Company news CoreWeave Stock: Is Record Q3 Revenue & $132.5B Backlog a Buy Signal?
CEO Michael Intrator said he is canceling a trading plan until there is a material change in the stock price, after having sold a large amount of shares. Separately, rising debt and interest costs were flagged as risks alongside the strong revenue and backlog.
Company news CoreWeave CEO Intrator Has Sold $794 Million in Stock. Why He’s Pausing Now. · Company news CoreWeave Stock: Is Record Q3 Revenue & $132.5B Backlog a Buy Signal?
News sources
Company news CoreWeave CEO Intrator Has Sold $794 Million in Stock. Why He’s Pausing Now. · Company news CoreWeave Stock: Is Record Q3 Revenue & $132.5B Backlog a Buy Signal? · Company news CoreWeave Announces General Availability of CoreWeave Database · Company news Barclays Maintains Equal-Weight on CoreWeave, Lowers Price Target to $85 · Company news CoreWeave and These Other Stocks Are in the Nvidia Danger Zone · Company news CoreWeave stock sinks as resignation of Jensen Huang ripples through AI trade · Company news Macquarie Maintains Outperform on CoreWeave, Lowers Price Target to $120 · Company news Argus Research Maintains Buy on CoreWeave, Lowers Price Target to $100 · Company news Stock Market Today: NVDA Stock Sinks Nasdaq, S&P 500 Futures as Board Weighs Jensen Huang’s Future — CRWV, TTEK, FNV in Focus (UPDATED)