CoreWeave stocks tumble 11.56% as Nvidia shake-up erases post-earnings rally
FROM THE WIRE · FINANCE.YAHOO.COM
This article first appeared on GuruFocus. CoreWeave Inc (NASDAQ:CRWV) shares tumbled 11.56% to $53.74 at 9:35 a.m. ET in early regular-session trading on November 12, giving back gains from Wednesday's 24.71% post-earnings jump as NVIDIA confirmed its CEO's resignation, Yahoo…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe AI cloud stock falls on its dependence on Nvidia GPUs despite strong quarterly results.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01CoreWeave fell 11.56% to $53.74 in early trading on November 12.
- 02Q3 revenue was $3.66 billion, up 168%, above its own forecast.
- 03It raised 2026 revenue guidance to $13.0-$13.3 billion.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
CoreWeave, Inc. Class A Common Stock56.60 USDMarket closedtoday -6.86%Negative NVIDIA Corporation166.19 USDMarket closedtoday -4.34%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets