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CoreWeave shares plunge 27.5% then rebound 17% this week amid debt concerns
CoreWeave, an AI cloud infrastructure platform, saw its shares plunge 27.5% from last Friday's close to Thursday morning's 52-week lows, followed by a 17% rebound. The company has accumulated $51.6 billion in debt against a backdrop of zero historical profitability, leading to divided analyst views. HSBC maintains a Sell rating, while BNP and Cantor Fitzgerald suggest fears are overblown. Nvidia CEO Jensen Huang downplayed systemic concerns, and ARK Investment bought 192,000 shares. The stock, with 15.4% short interest, remains primed for explosive volatility.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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