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Why CoreWeave Stock Plummeted Today

TheMotleyFool

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Why CoreWeave Stock Plummeted Today: https://g.foolcdn.com/editorial/images/869308/gettyimages-2188805651-1.jpg

CoreWeave (NASDAQ: CRWV) stock took a hit on Friday following the company's latest earnings report. The artificial intelligence (AI) data-center specialist's share price fell 11.4% in the daily session.

CoreWeave published its first-quarter results after yesterday's market close, posting mixed results. While the company posted sales that came in ahead of expectations, the business posted a wider-than-expected loss. Investors also weren't happy with management's forward guidance.

Image source: Getty Images.

Source Fool.com

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