CoreWeave, Inc. (CRWV) saw its stock plummet 6.65% during the night session on Monday, as investors reacted to a securities class action lawsuit filed against the company. The lawsuit alleges that CoreWeave misled investors by overstating its ability to meet customer demand and understating risks associated with its reliance on a single third-party data center supplier.
The legal action follows CoreWeave's reduced revenue guidance, which the company attributed to delays from a third-party data center developer. These revelations have sparked significant investor concern, leading to the sharp decline in the stock's value. The deadline for investors to seek lead plaintiff status in the case is March 13, 2026.
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