CoreWeave is trading at $58.58, down 5.24% in pre-market, as tech stocks face pressure over doubts that heavy AI infrastructure spending will produce adequate returns.

  • Lam Research’s weaker-than-expected forecast added to the sector selloff.
  • HSBC reiterated its Reduce rating and $39 target; elevated borrowing costs have also been reported. These are prior concerns, not a confirmed October 22 announcement.
  • No new company announcement has been confirmed as explaining the pre-market move.