CoreWeave, Inc. (CRWV) saw its stock price plummet by 5.02% during intraday trading on Friday, reflecting broader weakness in the AI sector.
The decline follows disappointing quarterly earnings reports from Oracle and Broadcom, which triggered a sell-off in AI-related stocks. CoreWeave, a cloud-computing provider, was particularly affected as investors reassessed the sector's growth prospects. Analysts note a shift in the AI trade, with some stocks outperforming while others, like CoreWeave, face significant pressure.
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