CoreWeave Hits New 52-Week Low as Meta's AI Compute Threat Spooks Investors
CRWV is trading near its 52-week low of $60.55 (6.6% above the low).
Summary
CoreWeave shares tumbled to a new 52-week low of $60.55, extending a brutal 30% monthly decline. The selloff intensified on reports that Meta Platforms may offer its internal AI compute capacity to external clients, threatening the GPU scarcity that underpins CoreWeave's pricing power. Technicals are deeply bearish: the stock trades below all major moving averages, with a death cross and RSI at 29.69 signaling oversold conditions but no reversal yet. A bearish options trade at the $280 strike adds to the negative sentiment. This follows a string of massive derivative sales by 10% owner Magnetar and weaker-than-expected Q2 guidance in May, compounding concerns about neocloud valuations and the path to GAAP profitability.
At the time of this announcement, CRWV was trading at $64.57 on NASDAQ in the Technology sector, with a market capitalization of approximately $35.2B. The 52-week trading range was $60.55 to $153.20. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Benzinga.