CoreWeave is trading at $2.40, down 3.80%, amid weakness in cloud and AI infrastructure stocks.
- On October 29, Alphabet and ServiceNow earnings intensified concerns about AI spending returns, cloud growth and valuations; reports counted CoreWeave among sector decliners.
- JPMorgan’s reported Overweight upgrade and $125 target that day do not explain the decline; the Nasdaq fell 1.40%. The move points to sector pressure, not a confirmed company-specific catalyst.