CoreWeave stock plummeted 12.8%, impacted by analyst coverage, Nvidia's cloud focus, and acquisition speculation.

From Nasdaq: 2025-06-28 21:07:00

CoreWeave stock (NASDAQ: CRWV) saw a 12.8% decline this week, despite broader market gains. The drop followed new analyst coverage and news of Nvidia’s (NASDAQ: NVDA) increased focus on cloud computing. Speculation of a potential acquisition also impacted CoreWeave’s valuation.

H.C. Wainwright’s neutral rating and Nvidia’s cloud computing plans were key factors. CoreWeave is reportedly in talks to acquire Core Scientific (NASDAQ: CORZ), with price estimates ranging from $16 to $38 per share. Investors are divided on the potential deal, with concerns of overpayment looming.

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Read more at Nasdaq: Why CoreWeave Stock Plummeted This Week