It wasn't a great week for tech stocks, but CoreWeave (NASDAQ: CRWV) severely underperformed the tech-heavy Nasdaq Composite index. Shares of the artificial intelligence (AI) infrastructure provider plunged 18% for the week, according to data provided by S&P Global Market Intelligence.
Volatility is common in stocks like CoreWeave, which are in heavy growth mode. Revenue is soaring, but the company is still losing money. But a report this week may have spooked investors, too.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
CoreWeave leases GPU computing power for the development and execution of AI models. It has been spending heavily to grow the volume of compute capacity it has available. That spending has included long-term supply agreements with chip manufacturers.
Demand is so high, though, that memory chip prices have gone through the roof. That's why investors have sent the stocks of names like Micron Technology and Sandisk soaring this year. The memory sector has historically been cyclical. As suppliers increase capacity while demand is high, a supply glut could follow, sharply dropping prices.
Volatility is common in stocks like CoreWeave, which are in heavy growth mode. Revenue is soaring, but the company is still losing money. But a report this week may have spooked investors, too.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
CoreWeave leases GPU computing power for the development and execution of AI models. It has been spending heavily to grow the volume of compute capacity it has available. That spending has included long-term supply agreements with chip manufacturers.
Demand is so high, though, that memory chip prices have gone through the roof. That's why investors have sent the stocks of names like Micron Technology and Sandisk soaring this year. The memory sector has historically been cyclical. As suppliers increase capacity while demand is high, a supply glut could follow, sharply dropping prices.
10 days ago
