TradingKey – As of the close on October 29 Eastern Time, CoreWeave (CRWV) shares extended their recent weakness, falling 4.99% on the day to close at $60.74, after hitting an intraday low of $60.11; in after-hours trading, the stock slipped further to around $57. Since late September, CoreWeave’s stock price has steadily declined from above $80, at one point touching a year-to-date low of $51.24 on October 26.

Volatility in Neocloud-related stocks has increased significantly recently. Beyond the market’s reassessment of AI infrastructure capital expenditure, Elon Musk’s recent cautious comments on the Neocloud industry have also become one of the short-term focus factors for the sector.