CoreWeave Pulls Back 5% As Analyst Releases Bearish Stock Commentary
CoreWeave’s stock price (NASDAQ: CRWV) finds itself in the rather uncommon position of trading negative on the day, down 5.35% on analyst commentary, and concerns over it’s runaway valuation.
The company, which provides scaling, support, and acceleration for GenAI through GPU compute, CPU compute, storage, and networking services, boasts an impressive $73.5 billion market capitalization and $2.71 billion in revenue (TTM). It also carries a substantial net loss of $1.15 billion (TTM) and an EPS of -$5.19.
DA Davidson this morning highlighted concerns about CoreWeave’s reliance on debt financing, suggesting that the company’s interest obligations could potentially wipe out any claimed cash generation for shareholders, reinforcing their…
