A 25% midweek rise in CoreWeave shares was followed by a nearly 12% Friday drop, a sharp swing for U.S. investors following the AI cloud provider's stock after its quarterly report.
CoreWeave's advance came Wednesday, Nov. 11, after the company released its quarterly report. By 10:26 a.m. ET Friday, CoreWeave shares had lost $6.70 and were trading at $49.90.
An EconoTimes update on Thursday's trading described a 16.8% intraday slide and quoted the shares at $50.75.
