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News 2026-07-01 13:53 UTC

CoreWeave Stock Drops Sharply on Report of Meta AI Cloud Business

CoreWeave Inc (NASDAQ: CRWV ) shares are trading sharply lower Wednesday morning after a Bloomberg report said Meta Platforms is developing a cloud business to sell excess artificial-intelligence computing capacity to outside customers. Here’s what investors need to know. CoreWeave stock is among today’s weakest perfor