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Benzinga
Benzinga
Business
Henry Khederian

CoreWeave Stock Is Getting Hammered Tuesday: What's Going On?

CoreWeave CRWV CoreWeave Inc
CoreWeave

Shares of AI infrastructure provider CoreWeave Inc (NASDAQ:CRWV) are trading lower Tuesday, caught in a broader market downdraft affecting high-growth technology stocks.

What To Know: The pressure appears linked to rising long-term interest rates, with the 10-year Treasury yield climbing to 4.29%, making future earnings for high-P/E companies seem less attractive to investors.

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