CoreWeave is tied to the AI infrastructure boom, but it carries concentration risk and high capital needs. A fast drop reflects the market re-pricing its rich valuation, not necessarily a collapse in fundamentals.

Circle depends on stablecoin adoption and regulatory clarity. Its IPO hype cooled quickly because crypto sentiment remains fragile and earnings visibility is limited.

These declines don’t mean the companies are doomed—but they show how violently sentiment can turn for fresh IPOs with lofty expectations.

For most retail investors, the sensible approach is:

Treat them as speculative positions only.

Allocate small amounts you can afford to hold through sharp volatility.

Wait for a few quarters of earnings to see whether growth justifies the price.

If your capital is limited, sticking to stronger, proven compounders is usually wiser than chasing unstable IPO weakness.