Is CoreWeave Stock Yesterday's News?
The arrival of artificial intelligence (AI) has been a boon for CoreWeave (NASDAQ: CRWV). The AI infrastructure specialist went public at the end of March around $40 per share, and by June, the stock had skyrocketed to a $52-week high of $187.
Since then, the company's share price has plunged over 50%, as CoreWeave experienced growing skepticism from Wall Street. The reaction is understandable considering its stock's meteoric rise and sky-high valuation.
Does the company's share price decline mean it was caught up in the AI frenzy and its best days are behind it? Or is this a chance to buy at a discount for the opportunistic investor? Let's dive into CoreWeave to arrive at an answer.
Source Fool.com
