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CoreWeave says market acting ‘irrationally,’ stands by model
Source: Hindu BusinessLine · 4 hr ago
Summary
Shares of CoreWeave fell sharply, dropping 15% to $65.78, marking its biggest single‑day decline since February, after the stock had risen 8.7% year‑to‑date. The company responded that the market is behaving irrationally and reaffirmed confidence in its business model.
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From the original report
Shares slid 15% to $65.78 on Wednesday, the biggest one-day drop since February, after an 8.7% gain for the year through Tuesday
Excerpt from Hindu BusinessLine.
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