🔴 CRWV is trading 5% down today as Q1 results disappoint despite AI cloud demand

CRWV is trading at $130.50 (-5.42%) as Q1 results disappoint investors despite strong demand for AI cloud infrastructure.

• The stock had surged +7.89% to $137.98 on May 06 ahead of the report, fueled by a $66.8B backlog and revenue guidance of $1.96B-$1.97B.
• Today's decline is company-specific, as broader markets are trading modestly higher with the S&P 500 up 0.11% and Nasdaq up 0.17%.