CoreWeave (NASDAQ:CRWV), a specialized AI cloud infrastructure and GPU hosting provider, closed at $55. 60, down 10. 06%. Bernstein cut its target even as Nvidia CEO Jensen Huang said demand for neoclouds is "off the charts." Trading volume reached 79. 7 million shares, coming in about 122% above its three-month average of 35. 9 million shares. CoreWeave IPO'd in 2025 and has grown 39% since going public. The S&P 500 (SNPINDEX:^GSPC) fell 1. 22% to 7,663, while the Nasdaq Composite (NASDAQINDEX:^IXIC) dropped 2. 60% to 26,009. Among AI infrastructure and so-called neocloud companies, industry peers also weakened. Nebius Group closed at $159. 17, down 7. 23%, and Iren closed at $25. 51, down 8. 37%.
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