Why Did CoreWeave Plunge 5.86% Amid Acquisition Concerns?

On September 2, 2025, CoreWeave's stock experienced a significant drop of 5.86% in pre-market trading, reflecting investor concerns and market sentiment.

CoreWeave, an AI cloud computing provider, has been facing challenges due to its ongoing acquisition of Core Scientific, a Bitcoin mining and data center operator. This acquisition has led to a significant decline in the company's stock, dropping over 40% since July. Investors are concerned about the potential impact of this acquisition on CoreWeave's financial performance and future prospects.

Additionally, CoreWeave reported a disappointing quarterly outlook for its operating income, which further contributed to the stock's decline. The company's plans to deploy 10,900 Nvidia GPUs by December 2025, projecting $200 million to $250 million in annual AI cloud revenue, have not been enough to reassure investors. Despite the massive rally in the AI sector, CoreWeave's stock continues to face headwinds due to these challenges.