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CoreWeave Has Lost a Staggering Amount of Stock Value Over the Past Six Months

November 11, 2021 | Futurism AI
CoreWeave Has Lost a Staggering Amount of Stock Value Over the Past Six Months
Bruno de Carvalho/SOPA Images/LightRocket via Getty Images AI cloud computing company CoreWave exploded onto the scene in March with the biggest tech IPO since 2021. The company’s stock soared by more than 40 percent in the following days, riding on the coattails of immense hype surrounding generative AI. The hype was driven by insatiable AI companies like Microsoft, OpenAI, and Meta leasing hundreds of megawatts of compute as outfits like CoreWeave constr