A massive bearish candle slammed down, and $CRWV plunged 13.4% from its highs, straight to 67.1.
The cause isn’t complicated: Musk said “Yikes,” striking a nerve with everyone worried about all that AI debt. CoreWeave took the hit first.
More than 20 million U changed hands—that’s people actually getting out, not a low-volume slide.
My take: as long as AI debt remains a talking point, the stock will likely continue to struggle, and any rebound won’t get far. For it to really stabilize, sentiment around AI stocks needs to cool off first, and investors need to be willing to bet on the computing-power story again. At this level, I’d rather wait and watch.
#CRWV #News
The cause isn’t complicated: Musk said “Yikes,” striking a nerve with everyone worried about all that AI debt. CoreWeave took the hit first.
More than 20 million U changed hands—that’s people actually getting out, not a low-volume slide.
My take: as long as AI debt remains a talking point, the stock will likely continue to struggle, and any rebound won’t get far. For it to really stabilize, sentiment around AI stocks needs to cool off first, and investors need to be willing to bet on the computing-power story again. At this level, I’d rather wait and watch.
#CRWV #News