CoreWeave stock crashes 15%, falls further as AI slowdown fears and debt woes hit

CoreWeave shares continued to fall on Thursday after a sharp drop on Wednesday. The stock of AI computing company CoreWeave (CRWV) plunged 15% on Wednesday and fell another 6% in pre-market trading on Thursday, extending a difficult week for the company.

Investors are worried about CoreWeave’s debt and business model. The company has taken on heavy debt, and investors are concerned about whether its business can remain profitable if demand for artificial intelligence (AI) slows down.