AI Summary
CoreWeave's stock has declined 52% from its 52-week high of $153.20 to close at $72.91 due to the high costs associated with its expansion strategy. The AI cloud provider takes on significant debt to build data centers, which is pressuring its financial performance and stock price.
CoreWeave (NASDAQ: CRWV) closed Thursday at $72.91, down 52% from its 52-week high of $153.20. The main reason the stock keeps falling is the cost of its growth: The artificial intelligence (AI) cloud provider borrows heavily to build data centers, and the bill for that debt is growing…
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