Coreweave Sell-off Sparks Buying Opportunity, Analyst Says Meta Fears Are Overblown

CoreWeave Inc. (NASDAQ: CRWV ) stock edged lower in Thursday’s premarket session after tumbling 13.92% in the previous trading day. The weakness followed reports that Meta Platforms Inc. (NASDAQ: META ) is exploring an expansion into AI computing services, raising concerns that the tech giant could become a new competitor in the fast-growing neocloud market. The competitive concerns extended across the sector. Nebius Group N.V. (NASDAQ: NBIS ) stock fell 17.01% in Wednesday’s session as investors reassessed the outlook for neocloud providers. While the Meta report sparked concerns about future competition, not all Wall Street analysts believe the sell-off is justified. Some argue that demand for AI computing remains strong and that CoreWeave’s competitive position has not materially changed. Rosenblatt Sees Buying Opportunity Rosenblatt analyst John McPeake defended...