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CoreWeave (CRWV) Shares Falls Toward Support After Month-Long Sell-Off

TLDR CoreWeave shares have fallen more than 30% over the past month. Reports that Meta may lease AI computing capacity raised competition concerns. Investors are demanding clearer GAAP profits and stronger cash flow. First-quarter revenue more than doubled to $2.1 billion. The company’s contract backlog reached nearly $100 billion. CRWV remains below its major moving [...]

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Source: Blockonomi →