CoreWeave shares dropped 5.38% to $102.89 amid investor concerns over valuation, spending, and customer concentration, according to Benzinga. The AI infrastructure firm's stock continues to swing as Wall Street debates the long-term outlook. Shares have surged over 240% since the company's March 2025 IPO, making the stock a point of contention among analysts. Supporters highlight the company’s aggressive expansion, including a $9 billion Core Scientific acquisition and plans for a $6 billion AI data center in Pennsylvania. Barclays raised its price target for CoreWeave to $140 on July 21, citing strong growth prospects. Just days earlier, HSBC initiated coverage with a bearish $32 target and a Reduce rating, highlighting downside risks. CoreWeave closed at $102.89, down 5.38%.
