CRWV is trading at $105.84 (-7.72%) today, tracking broader market declines as hotter-than-expected CPI data and Middle East tensions weigh on the Nasdaq.
- The decline extends recent volatility following May 7 earnings, which highlighted massive CapEx hikes pressuring margins despite a $100 billion backlog.
- Management recently raised ARR guidance to $18 billion, though the stock is currently moving in line with the broader tech sector (Nasdaq -0.89%) amid rising oil prices.
- No company-specific news was released today; the price action is primarily driven by macro-economic headwinds and geopolitical concerns.