CoreWeave Stock News

Shares of chip-equipment makers headed for historic losing streaks on Friday, dragged down by concerns about the hot pace of artificial-intelligence spending.

After a 27.5% drop from last Friday's close to this Thursday morning's 52-week lows, followed by a 17% rebound, equity traders holding CoreWeave are dazed.

CoreWeave's stock is resuming its recent slide.

CoreWeave stock fell again Friday despite Cathie Wood's ARK Investment Management buying shares in the under-pressure, AI stock.

CoreWeave stock CRWV fell again on Friday after recovering in the previous session, putting the AI cloud computing company on track for a steep weekly loss as investors continued to worry about its debt-financed expansion amid rising borrowing costs. The stock dropped about 7.2% on Friday, even as the S&P 500 edged higher.

The spread is widening between AI leaders OpenAI and Anthropic as a sell-off in CoreWeave leads neocloud stocks lower. OpenAI's valuation is down more than 4% the past 24 hours after briefly slipping under $1.5 trillion, according to perpetual futures pricing on decentralized exchange Hyperliquid.

Stock futures are little-changed ahead of the final session of what's been a volatile week of trading; the Nasdaq is set to snap a four-week winning streak; Fed Chairman Kevin Warsh spoke at an event in Thailand but provided no clues about whether another interest rate hike is coming; CoreWeave shares are back in the red after recovering yesterday; and Tesla shares are climbing after the compan...

CoreWeave is turning into the posterchild of slipping AI stocks — but it's far from alone.