🔴 CoreWeave is trading 11.32% down after Bernstein cut its target over funding needs

CoreWeave is trading at $2.15, down 11.32%, following Bernstein’s price-target cut amid funding concerns.

• On October 22, Bernstein cut its price target to $51 from $74, citing CoreWeave’s funding needs.
• AI-cloud peers also fell amid renewed AI-spending concerns.
• Broader technology weakness added pressure, with XLK down 2.98%; no separate new CoreWeave announcement was identified for October 23.