-+ 0.00%
-+ 0.00%
-+ 0.00%
The Zhitong Finance App learned that CoreWeave (CRWV.US) stock price recently experienced a sharp correction. The stock rebounded 6.28% to $46.40 on Friday, but is still down about 24% from the closing price of $60.74 on October 29. The core reason for this round of decline is that market concerns about the huge financing required to expand AI infrastructure continue to ferment. The AI cloud vendor, supported by Nvidia (NVDA.US), will release its third-quarter earnings report on November 10 (Tuesday) EST. At that time, whether it can prove that rapid revenue growth is sufficient to cover rising financing costs and construction expenses will directly determine the direction of market confidence.
Share
Listen to the news
The Zhitong Finance App learned that CoreWeave (CRWV.US) stock price recently experienced a sharp correction. The stock rebounded 6.28% to $46.40 on Friday, but is still down about 24% from the closing price of $60.74 on October 29. The core reason for this round of decline is that market concerns about the huge financing required to expand AI infrastructure continue to ferment. The AI cloud vendor, supported by Nvidia (NVDA.US), will release its third-quarter earnings report on November 10 (Tuesday) EST. At that time, whether it can prove that rapid revenue growth is sufficient to cover rising financing costs and construction expenses will directly determine the direction of market confidence.
Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
What's Trending