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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 competi
Shares of AI cloud services companies are trading lower after reports suggesting Meta will form a cloud business to rent out its excess compute capacity to customers. Competitive pricing from a new cloud provider may bring margins down.