CoreWeave Inc. (CRWV) stock fell 13.47% as investors sold off positions after tariff increase

From Yahoo Finance: 2025-04-11 05:46:00

On Thursday, the stock market took a hit as President Trump raised tariffs on Chinese goods to 145%, causing investors to sell off positions. The Nasdaq fell 4.31%, the S&P 500 dropped 3.46%, and the Dow Jones was down 2.50%. Among the 10 worst performers, CoreWeave Inc. (CRWV) saw a 13.47% decline, finishing at $42.20 per share.

CRWV recently secured a $4.5 billion deal with Galaxy Digital to host its AI infrastructure in West Texas, with plans to remove crypto-mining hardware from the site. In March, CRWV also landed an $11.9 billion deal with OpenAI, reducing reliance on Microsoft. Despite potential, CRWV ranks 6th on the list of stocks heavily sold down on Thursday.

Investors heavily sold down CRWV on Thursday, leading to a 13.47% decline in share price. The company secured multi-billion dollar deals with Galaxy Digital and OpenAI, aiming to boost its AI infrastructure. While CRWV holds promise, other AI stocks may offer greater returns in a shorter time frame.



Read more at Yahoo Finance: Why CoreWeave Inc. (CRWV) Went Down On Thursday?