
CoreWeave (NASDAQ:CRWV) Shares Gap Down - Time to Sell?

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CoreWeave (NASDAQ:CRWV) shares gapped down from $103.77 to $98.53, closing at $96.23. The company secured a $3.1 billion loan to expand its AI cloud platform, but analysts have mixed sentiments, with DA Davidson cutting its price target from $175 to $100. CoreWeave faces competition from a new $5 billion AI cloud venture by Google and Blackstone. Despite a 110.4% revenue increase year-over-year, the company reported a negative EPS of ($0.89). Insider selling has raised concerns about dilution.
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